Marathon Trading Investment Management LLC Buys Shares of 5,900 Lennar Co. (NYSE:LEN)

Marathon Trading Investment Management LLC bought a new position in Lennar Co. (NYSE:LEN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,900 shares of the construction company’s stock, valued at approximately $805,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. boosted its position in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares during the period. Crews Bank & Trust acquired a new stake in shares of Lennar during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in Lennar during the fourth quarter valued at approximately $28,000. ORG Wealth Partners LLC purchased a new stake in Lennar in the 4th quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC boosted its stake 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 valued at $32,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of Lennar stock opened at $125.19 on Tuesday. The company has a market cap of $33.24 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.24 and a beta of 1.69. Lennar Co. has a 1 year low of $116.67 and a 1 year high of $187.61. The company’s fifty day simple moving average is $128.89 and its 200-day simple moving average is $157.12. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the previous year, the firm posted $4.82 EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is presently 13.95%.

Analysts Set New Price Targets

Several analysts recently issued reports on LEN shares. The Goldman Sachs Group cut their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Bank of America reduced their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Wedbush reaffirmed a “neutral” rating and set a $164.00 price objective on shares of Lennar in a research report on Thursday, December 19th. Barclays decreased their target price on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lennar currently has a consensus rating of “Hold” and an average price target of $163.88.

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.