Brooklyn FI LLC Purchases New Shares in Lennar Co. (NYSE:LEN)

Brooklyn FI LLC acquired a new position in shares of Lennar Co. (NYSE:LEN) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,096 shares of the construction company’s stock, valued at approximately $559,000.

A number of other hedge funds also recently bought and sold shares of LEN. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Lennar in the 3rd quarter worth approximately $7,348,000. Prospera Private Wealth LLC purchased a new stake in shares of Lennar in the third quarter valued at $131,000. Commerce Bank boosted its position in shares of Lennar by 0.5% in the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock worth $2,826,000 after buying an additional 74 shares during the period. PCJ Investment Counsel Ltd. purchased a new position in shares of Lennar during the third quarter valued at $1,125,000. Finally, Bellwether Advisors LLC purchased a new stake in Lennar in the 3rd quarter worth about $2,364,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Up 1.7 %

LEN stock opened at $120.55 on Thursday. The stock has a market capitalization of $32.01 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The company has a 50-day moving average of $126.66 and a two-hundred day moving average of $154.18. Lennar Co. has a 52-week low of $115.61 and a 52-week high of $187.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same period last year, the business earned $4.82 EPS. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LEN shares. UBS Group dropped their target price on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, December 23rd. Barclays dropped their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Bank of America lowered their target price on Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods downgraded Lennar from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $152.00 to $141.00 in a research note on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $164.53.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.