Aster Capital Management DIFC Ltd Purchases 10,855 Shares of Lennar Co. (NYSE:LEN)

Aster Capital Management DIFC Ltd lifted its stake in Lennar Co. (NYSE:LEN - Free Report) by 235.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,471 shares of the construction company's stock after buying an additional 10,855 shares during the period. Lennar comprises 0.8% of Aster Capital Management DIFC Ltd's portfolio, making the stock its 11th biggest holding. Aster Capital Management DIFC Ltd's holdings in Lennar were worth $2,110,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Polianta Ltd acquired a new stake in shares of Lennar during the 4th quarter worth approximately $900,000. Nordea Investment Management AB boosted its stake in Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock worth $308,696,000 after buying an additional 397,492 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Lennar by 71.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,327 shares of the construction company's stock valued at $2,686,000 after buying an additional 5,981 shares during the period. Pacer Advisors Inc. raised its stake in shares of Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock valued at $446,110,000 after buying an additional 589,553 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Lennar by 51.8% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,382 shares of the construction company's stock valued at $3,597,000 after acquiring an additional 9,000 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research analysts have commented on LEN shares. Wedbush restated a "neutral" rating and set a $158.00 price target on shares of Lennar in a research note on Monday, March 17th. Seaport Res Ptn raised Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. UBS Group lowered their price target on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada reduced their target price on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Monday, March 24th. Finally, Evercore ISI reiterated an "in-line" rating and set a $131.00 target price (down previously from $159.00) on shares of Lennar in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $150.07.

Lennar Trading Down 0.4 %

Shares of LEN traded down $0.41 on Friday, reaching $104.08. 1,227,154 shares of the company's stock were exchanged, compared to its average volume of 2,552,859. The business has a 50 day moving average price of $118.51 and a two-hundred day moving average price of $145.53. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $187.61. The stock has a market capitalization of $27.64 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly 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 the consensus estimate of $7.44 billion. During the same quarter in the prior year, the business posted $2.57 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently announced 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 1.92%. Lennar's payout ratio is currently 14.57%.

Lennar 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.