Baader Bank Aktiengesellschaft Makes New Investment in Lennar Co. (NYSE:LEN)

Baader Bank Aktiengesellschaft acquired a new position in Lennar Co. (NYSE:LEN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,815 shares of the construction company's stock, valued at approximately $520,000.

Other large investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. lifted its holdings 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 buying an additional 75 shares in the last quarter. Oakworth Capital Inc. bought a new position in Lennar in the third quarter valued at about $27,000. Wolff Wiese Magana LLC increased its position in Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock worth $29,000 after purchasing an additional 140 shares during the period. GHP Investment Advisors Inc. bought a new stake in Lennar during the 3rd quarter worth about $30,000. Finally, Asset Dedication LLC lifted its position in Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock valued at $32,000 after purchasing an additional 169 shares during the period. Institutional investors own 81.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, December 23rd. JPMorgan Chase & Co. dropped their target price on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Keefe, Bruyette & Woods reduced their price target on Lennar from $210.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, December 20th. Bank of America dropped their price objective on Lennar from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Wells Fargo & Company reduced their target price on Lennar from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $167.50.

Lennar Stock Down 3.8 %

LEN traded down $4.98 during trading on Monday, hitting $126.26. The company had a trading volume of 2,899,262 shares, compared to its average volume of 3,462,893. The firm's 50-day moving average price is $146.21 and its 200 day moving average price is $166.24. The company has a market capitalization of $33.52 billion, a PE ratio of 8.82, a PEG ratio of 1.32 and a beta of 1.66. 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 one year low of $125.21 and a one year high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same period in the prior year, the company earned $4.82 earnings per share. The firm's quarterly revenue was down 9.3% on a year-over-year basis. As a group, equities analysts expect that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.58%. Lennar's dividend payout ratio (DPR) is presently 13.95%.

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.