Mather Group LLC. Grows Stock Position in Lennar Co. (NYSE:LEN)

Mather Group LLC. raised its holdings in Lennar Co. (NYSE:LEN) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,400 shares of the construction company’s stock after buying an additional 253 shares during the quarter. Mather Group LLC.’s holdings in Lennar were worth $191,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LEN. Asset Management Advisors LLC increased its position in Lennar by 0.6% during the fourth quarter. Asset Management Advisors LLC now owns 53,342 shares of the construction company’s stock worth $7,274,000 after purchasing an additional 315 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Lennar during the 4th quarter worth $8,996,000. Greenleaf Trust raised its position in shares of Lennar by 1.9% in the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company’s stock worth $712,000 after buying an additional 95 shares during the period. Precision Wealth Strategies LLC boosted its holdings in Lennar by 8.1% in the fourth quarter. Precision Wealth Strategies LLC now owns 2,649 shares of the construction company’s stock valued at $361,000 after acquiring an additional 198 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Lennar by 2.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,630 shares of the construction company’s stock worth $1,041,000 after acquiring an additional 165 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Price Performance

Shares of LEN stock opened at $127.11 on Friday. 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 Co. has a 1-year low of $125.21 and a 1-year high of $193.80. The firm has a fifty day moving average of $143.33 and a two-hundred day moving average of $165.36. The firm has a market cap of $33.75 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.32 and a beta of 1.67.

Lennar (NYSE:LEN) last announced 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). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.82 EPS. As a group, research analysts anticipate that Lennar Co. will post 12.52 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.57%. Lennar’s payout ratio is 13.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LEN shares. BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wedbush reiterated a “neutral” rating and set a $164.00 price objective on shares of Lennar in a research note on Thursday, December 19th. Citigroup cut their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group decreased their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Finally, Royal Bank of Canada decreased their target price on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $167.19.

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.