Bridgewater Associates LP increased its holdings in Lennar Co. (NYSE:LEN - Free Report) by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,518 shares of the construction company's stock after acquiring an additional 134,155 shares during the period. Bridgewater Associates LP owned about 0.12% of Lennar worth $44,527,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Lennar during the 4th quarter valued at $27,933,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Lennar during the 4th quarter worth about $543,000. CreativeOne Wealth LLC increased its holdings in Lennar by 6.2% in the fourth quarter. CreativeOne Wealth LLC now owns 4,551 shares of the construction company's stock worth $621,000 after buying an additional 264 shares during the last quarter. Synovus Financial Corp lifted its stake in Lennar by 0.3% in the fourth quarter. Synovus Financial Corp now owns 47,503 shares of the construction company's stock valued at $6,478,000 after acquiring an additional 155 shares during the last quarter. Finally, Stamos Capital Partners L.P. lifted its stake in shares of Lennar by 182.8% in the 4th quarter. Stamos Capital Partners L.P. now owns 11,030 shares of the construction company's stock valued at $1,504,000 after purchasing an additional 7,130 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.
Analyst Ratings Changes
LEN has been the subject of several recent analyst reports. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Bank of America dropped their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. BTIG Research downgraded shares of Lennar from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. The Goldman Sachs Group dropped their target price on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lennar has an average rating of "Hold" and a consensus target price of $150.07.
View Our Latest Analysis on LEN
Lennar Price Performance
Shares of LEN stock traded up $1.81 during trading hours on Friday, hitting $104.57. The company had a trading volume of 2,736,816 shares, compared to its average volume of 2,557,983. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 1.24 and a beta of 1.51. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $187.61. The firm's fifty day moving average is $116.43 and its 200 day moving average is $143.03.
Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same period in the prior year, the company posted $2.57 earnings per share. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.
Lennar Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid 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 yield of 1.91%. Lennar's dividend payout ratio is 14.57%.
About Lennar
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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.
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