Clearbridge Investments LLC Has $27.41 Million Stake in Lennar Co. (NYSE:LEN)

Clearbridge Investments LLC grew its stake in Lennar Co. (NYSE:LEN) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,009 shares of the construction company’s stock after buying an additional 4,795 shares during the period. Clearbridge Investments LLC owned approximately 0.08% of Lennar worth $27,412,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LEN. Armstrong Advisory Group Inc. boosted its position in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after buying an additional 79 shares during the period. Howard Capital Management Inc. grew its stake in Lennar by 0.3% in the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company’s stock valued at $3,932,000 after buying an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in Lennar by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company’s stock worth $584,000 after acquiring an additional 87 shares during the period. Finally, Coldstream Capital Management Inc. lifted its position in Lennar by 1.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,546 shares of the construction company’s stock worth $1,036,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of NYSE:LEN opened at $114.37 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The business’s fifty day moving average price is $123.14 and its two-hundred day moving average price is $149.97. Lennar Co. has a fifty-two week low of $111.26 and a fifty-two week high of $187.61. The stock has a market capitalization of $30.37 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $2.57 EPS. As a group, analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.75%. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

Analyst Ratings Changes

A number of equities analysts have recently commented on LEN shares. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. cut their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Evercore ISI restated an “in-line” rating and issued a $131.00 price objective (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. Wells Fargo & Company reduced their price target on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Finally, StockNews.com lowered shares of Lennar from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lennar has a consensus rating of “Hold” and a consensus price target of $151.07.

Lennar Company Profile

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.