UniSuper Management Pty Ltd Has $2.91 Million Holdings in Lennar Co. (NYSE:LEN)

UniSuper Management Pty Ltd increased its stake in shares of Lennar Co. (NYSE:LEN) by 27.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,340 shares of the construction company’s stock after acquiring an additional 4,658 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Lennar were worth $2,910,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in shares of Lennar during the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. raised its holdings in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Lennar in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Lennar during the third quarter valued at approximately $39,000. Finally, Quarry LP raised its stake in shares of Lennar by 136.7% in the third quarter. Quarry LP now owns 232 shares of the construction company’s stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

LEN stock opened at $113.83 on Friday. The company has a 50 day moving average price of $124.05 and a 200 day moving average price of $151.13. Lennar Co. has a fifty-two week low of $111.26 and a fifty-two week high of $187.61. 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 stock has a market capitalization of $30.22 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last issued 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 business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 earnings per share. Analysts forecast that Lennar Co. will post 12.48 EPS for the current 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 14.57%.

Analyst Upgrades and Downgrades

LEN has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Barclays dropped their price target on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, March 24th. StockNews.com downgraded Lennar from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America dropped their target price on Lennar from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $131.00 price target (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $151.07.

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.