Aware Super Pty Ltd as trustee of Aware Super Takes Position in Lennar Co. (NYSE:LEN)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Lennar Co. (NYSE:LEN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 204,834 shares of the construction company's stock, valued at approximately $27,933,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.08% of Lennar as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Crews Bank & Trust acquired a new position in Lennar in the fourth quarter valued at $25,000. Armstrong Advisory Group Inc. lifted 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. Hurley Capital LLC purchased a new position in shares of Lennar in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lennar in the fourth quarter valued at about $28,000. Finally, ORG Wealth Partners LLC purchased a new position in Lennar in the fourth quarter valued at about $32,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LEN shares. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com downgraded Lennar from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Keefe, Bruyette & Woods cut their target price on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group decreased their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, BTIG Research lowered Lennar from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $150.07.

Lennar Stock Performance

LEN stock traded up $1.81 during midday trading on Friday, reaching $104.57. The company had a trading volume of 2,736,816 shares, compared to its average volume of 2,557,983. The firm has a market capitalization of $27.59 billion, a PE ratio of 7.29, a P/E/G ratio of 1.24 and a beta of 1.51. The stock has a 50 day moving average price of $116.43 and a 200 day moving average price of $143.03. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.70 by $0.44. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $2.57 EPS. Analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. Lennar's dividend payout ratio (DPR) is 14.57%.

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.