Canada Post Corp Registered Pension Plan Takes $543,000 Position in Lennar Co. (NYSE:LEN)

Canada Post Corp Registered Pension Plan bought a new stake in Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,984 shares of the construction company's stock, valued at approximately $543,000.

Several other hedge funds also recently modified their holdings of LEN. Passumpsic Savings Bank increased its position in Lennar by 3.6% during the third quarter. Passumpsic Savings Bank now owns 12,872 shares of the construction company's stock worth $2,413,000 after buying an additional 452 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of Lennar by 8.7% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 1,973 shares of the construction company's stock worth $370,000 after buying an additional 158 shares during the period. World Investment Advisors LLC bought a new position in shares of Lennar in the third quarter worth about $251,000. Wilmington Savings Fund Society FSB acquired a new stake in Lennar in the 3rd quarter valued at approximately $241,000. Finally, Synovus Financial Corp increased its position in Lennar by 1.3% in the 3rd quarter. Synovus Financial Corp now owns 47,348 shares of the construction company's stock worth $8,877,000 after buying an additional 627 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price objective 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. The Goldman Sachs Group reduced their target price on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Citigroup cut their price target on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, January 6th. StockNews.com upgraded Lennar from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Seaport Res Ptn raised Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lennar has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Price Performance

LEN traded down $1.45 during midday trading on Monday, hitting $103.28. The company had a trading volume of 293,395 shares, compared to its average volume of 2,547,985. The company has a market capitalization of $27.24 billion, a PE ratio of 7.20, a P/E/G ratio of 1.24 and a beta of 1.51. 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's 50-day simple moving average is $116.03 and its 200-day simple moving average is $141.83. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last released its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. During the same period in the prior year, the company posted $2.57 EPS. The company's revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

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 is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.94%. Lennar's payout ratio is currently 14.57%.

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.