Brandywine Global Investment Management LLC lifted its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,619 shares of the construction company's stock after acquiring an additional 55,505 shares during the period. Brandywine Global Investment Management LLC owned 0.09% of Lennar worth $32,813,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its holdings in shares of Lennar by 69.4% during the fourth 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. Crews Bank & Trust acquired a new stake in Lennar during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Lennar in the 4th quarter valued at $28,000. ORG Wealth Partners LLC purchased a new position in shares of Lennar during the 4th quarter worth $32,000. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Lennar by 51.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock worth $32,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.
Lennar Stock Up 2.3 %
NYSE:LEN traded up $2.47 during trading hours on Friday, hitting $110.87. The stock had a trading volume of 7,728,176 shares, compared to its average volume of 2,515,998. The business has a 50 day simple moving average of $121.78 and a two-hundred day simple moving average of $148.91. Lennar Co. has a 1-year low of $106.20 and a 1-year high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market cap of $29.44 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51.
Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter last year, the company earned $2.57 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. Analysts predict that Lennar Co. will post 12.48 EPS for the current year.
Lennar Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.80%. Lennar's dividend payout ratio (DPR) is 14.57%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. UBS Group decreased their target price on shares of Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Bank of America dropped their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Wedbush reiterated a "neutral" rating and issued a $158.00 price target on shares of Lennar in a report on Monday, March 17th. Finally, The Goldman Sachs Group cut their target price on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lennar has an average rating of "Hold" and a consensus target price of $151.07.
Read Our Latest Analysis on Lennar
About Lennar
(
Free Report)
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.
Featured Articles
Before you consider Lennar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lennar wasn't on the list.
While Lennar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
