Capula Management Ltd Purchases New Stake in Lennar Co. (NYSE:LEN)

Capula Management Ltd purchased a new position in Lennar Co. (NYSE:LEN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,365 shares of the construction company's stock, valued at approximately $3,323,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. increased its position in Lennar by 69.4% in 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 during the period. Wolff Wiese Magana LLC grew its position 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 acquiring an additional 79 shares during the last quarter. Howard Capital Management Inc. increased its holdings in shares of 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 acquiring an additional 81 shares during the period. Premier Path Wealth Partners LLC lifted its position in Lennar by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after purchasing an additional 87 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in Lennar by 1.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,546 shares of the construction company's stock valued at $1,036,000 after purchasing an additional 92 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

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Lennar Price Performance

Shares of NYSE LEN traded up $0.68 during trading on Friday, hitting $105.17. The company had a trading volume of 2,766,087 shares, compared to its average volume of 2,560,862. The company has a market cap of $27.74 billion, a P/E ratio of 7.33, a PEG 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 business's 50-day moving average is $118.05 and its 200 day moving average is $144.73. Lennar Co. has a 52 week low of $98.42 and a 52 week high of $187.61.

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, beating analysts' consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $2.57 EPS. Equities research analysts predict that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.90%. Lennar's dividend payout ratio is currently 14.57%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Lennar from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Citigroup cut their target price on Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. BTIG Research cut Lennar from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Keefe, Bruyette & Woods lowered their price target on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a report on Tuesday, March 25th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $150.07.

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.