Capital International Inc. CA Raises Position in Lennar Co. (NYSE:LEN)

Capital International Inc. CA increased its stake in Lennar Co. (NYSE:LEN - Free Report) by 38.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,280 shares of the construction company's stock after buying an additional 3,937 shares during the period. Capital International Inc. CA's holdings in Lennar were worth $1,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of LEN. Armstrong Advisory Group Inc. boosted its holdings in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Lennar by 51.0% in 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. Howard Capital Management Inc. grew its position in Lennar by 0.3% in the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after purchasing an additional 81 shares during the period. Premier Path Wealth Partners LLC raised its stake in Lennar by 2.1% during the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after buying an additional 87 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of Lennar by 1.9% in the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after buying an additional 95 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

NYSE LEN traded down $1.50 during trading on Friday, hitting $107.72. 2,130,832 shares of the stock traded hands, compared to its average volume of 2,561,576. The company has a market capitalization of $28.42 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The firm has a 50-day simple moving average of $114.74 and a 200-day simple moving average of $140.32. 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 12-month low of $98.42 and a 12-month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating the consensus estimate 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 firm posted $2.57 EPS. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.86%. Lennar's dividend payout ratio (DPR) is 14.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group lowered their target price on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Wedbush restated a "neutral" rating and set a $158.00 target price on shares of Lennar in a research report on Monday, March 17th. The Goldman Sachs Group dropped their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company reduced their price objective on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Fifteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $150.07.

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.