Candriam S.C.A. Buys 5,718 Shares of Lennar Co. (NYSE:LEN)

Candriam S.C.A. boosted its position in Lennar Co. (NYSE:LEN - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,649 shares of the construction company's stock after purchasing an additional 5,718 shares during the period. Candriam S.C.A.'s holdings in Lennar were worth $2,407,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Armstrong Advisory Group Inc. increased its holdings in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Lennar in the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lennar during the 4th quarter valued at approximately $28,000. ORG Wealth Partners LLC bought a new position in Lennar in the 4th quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC grew its stake in Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after buying an additional 79 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LEN has been the subject of several recent research reports. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. BTIG Research cut Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Wolfe Research downgraded shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of Lennar from $145.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their price target on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $163.19.

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Lennar Price Performance

Shares of LEN stock traded down $2.60 during trading hours on Thursday, hitting $116.33. 3,023,546 shares of the company's stock were exchanged, compared to its average volume of 2,340,332. Lennar Co. has a 12-month low of $115.62 and a 12-month high of $187.61. The company has a market capitalization of $30.89 billion, a PE ratio of 8.11, a PEG ratio of 1.24 and a beta of 1.69. The business's 50 day simple moving average is $128.24 and its 200-day simple moving average is $156.40. 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 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). The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.82 earnings per share. On average, equities research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar's dividend payout ratio is 13.95%.

Lennar Company 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.