Schroder Investment Management Group Has $20.99 Million Stake in Lennar Co. (NYSE:LEN)

Schroder Investment Management Group raised its position in Lennar Co. (NYSE:LEN) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,078 shares of the construction company’s stock after purchasing an additional 23,898 shares during the quarter. Schroder Investment Management Group owned 0.06% of Lennar worth $20,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after purchasing an additional 589,553 shares during the period. Nordea Investment Management AB grew its position in shares of Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after buying an additional 397,492 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Lennar in the fourth quarter valued at about $19,364,000. Y Intercept Hong Kong Ltd raised its position in shares of Lennar by 2,774.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 123,142 shares of the construction company’s stock worth $16,793,000 after acquiring an additional 118,858 shares during the last quarter. Finally, Prana Capital Management LP lifted its stake in shares of Lennar by 68.6% in the third quarter. Prana Capital Management LP now owns 288,661 shares of the construction company’s stock worth $54,118,000 after acquiring an additional 117,430 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LEN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 25th. 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 research report on Friday, December 13th. Barclays lowered their price objective on Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, March 24th. UBS Group decreased their target price on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, Bank of America dropped their price target on Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $151.07.

Lennar Trading Up 1.0 %

LEN opened at $115.67 on Thursday. The firm has a market capitalization of $30.71 billion, a PE ratio of 8.07, a P/E/G ratio of 1.24 and a beta of 1.69. 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 fifty-two week low of $111.26 and a fifty-two week high of $187.61. The company’s 50-day moving average is $122.73 and its 200 day moving average is $149.73.

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

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.73%. Lennar’s dividend payout ratio is currently 14.57%.

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.