Keybank National Association OH cut its position in shares of Lennar Corporation (NYSE:LEN) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,298 shares of the company’s stock after selling 7,245 shares during the period. Keybank National Association OH’s holdings in Lennar Corporation were worth $1,644,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Teza Capital Management LLC purchased a new position in Lennar Corporation during the fourth quarter worth approximately $271,000. TCW Group Inc. raised its position in Lennar Corporation by 3.7% in the fourth quarter. TCW Group Inc. now owns 3,736,123 shares of the company’s stock worth $160,392,000 after buying an additional 133,388 shares during the period. Tredje AP fonden raised its position in Lennar Corporation by 52.3% in the fourth quarter. Tredje AP fonden now owns 24,247 shares of the company’s stock worth $1,041,000 after buying an additional 8,328 shares during the period. Honkamp Krueger Financial Services Inc. ADV purchased a new position in Lennar Corporation during the fourth quarter worth approximately $1,044,000. Finally, Ruffer LLP raised its position in Lennar Corporation by 3,371.0% in the fourth quarter. Ruffer LLP now owns 1,662,608 shares of the company’s stock worth $71,722,000 after buying an additional 1,614,708 shares during the period. Institutional investors and hedge funds own 79.04% of the company’s stock.
Lennar Corporation (NYSE:LEN) traded down 0.15% during mid-day trading on Friday, reaching $46.11. 487,021 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $44.83 and a 200-day moving average price of $44.09. Lennar Corporation has a 12-month low of $39.67 and a 12-month high of $49.60. The stock has a market capitalization of $10.81 billion, a PE ratio of 11.72 and a beta of 1.27.
Lennar Corporation (NYSE:LEN) last released its quarterly earnings results on Monday, December 19th. The company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.06. Lennar Corporation had a net margin of 8.33% and a return on equity of 13.80%. The business had revenue of $3.38 million for the quarter. During the same quarter in the previous year, the business posted $1.21 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. Equities research analysts expect that Lennar Corporation will post $3.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Friday, January 27th were given a $0.04 dividend. The ex-dividend date was Wednesday, January 25th. This represents a $0.16 annualized dividend and a yield of 0.35%. Lennar Corporation’s payout ratio is presently 4.07%.
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LEN has been the subject of a number of recent analyst reports. Barclays PLC initiated coverage on shares of Lennar Corporation in a research report on Thursday, January 5th. They set an “overweight” rating and a $50.00 price target for the company. Zacks Investment Research lowered shares of Lennar Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, December 14th. Raymond James Financial, Inc. upgraded shares of Lennar Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Monday, October 31st. MKM Partners restated a “neutral” rating on shares of Lennar Corporation in a research report on Friday, December 23rd. Finally, Evercore ISI initiated coverage on shares of Lennar Corporation in a research report on Monday, November 14th. They set a “buy” rating for the company. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Lennar Corporation presently has an average rating of “Buy” and a consensus price target of $53.28.
About Lennar Corporation
Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.
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