Lennar Co. (NYSE:LEN) Stock Holdings Increased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lifted its holdings in Lennar Co. (NYSE:LEN) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,807 shares of the construction company’s stock after purchasing an additional 626 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Lennar were worth $725,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Pacer Advisors Inc. grew its position in Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after buying an additional 589,553 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Lennar by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company’s stock valued at $441,769,000 after acquiring an additional 515,378 shares during the period. Nordea Investment Management AB raised its holdings in Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after purchasing an additional 397,492 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Lennar by 0.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 691,910 shares of the construction company’s stock worth $129,719,000 after purchasing an additional 3,130 shares during the period. Finally, Cannell & Spears LLC boosted its stake in Lennar by 1.0% during the 4th quarter. Cannell & Spears LLC now owns 514,970 shares of the construction company’s stock valued at $70,226,000 after purchasing an additional 5,311 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Down 0.4 %

Shares of Lennar stock opened at $114.37 on Wednesday. Lennar Co. has a 1 year low of $111.26 and a 1 year high of $187.61. The company has a market cap of $30.37 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.24 and a beta of 1.69. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $123.14 and a 200 day moving average price of $149.97.

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

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.75%. Lennar’s dividend payout ratio is 14.57%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. UBS Group dropped their price target on shares of Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating for the company in a research report on Tuesday, March 25th. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, Wells Fargo & Company decreased their price target on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.