Clearbridge Investments LLC Acquires 4,795 Shares of Lennar Co. (NYSE:LEN)

Clearbridge Investments LLC grew its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 201,009 shares of the construction company's stock after acquiring an additional 4,795 shares during the quarter. Clearbridge Investments LLC owned about 0.08% of Lennar worth $27,412,000 as of its most recent SEC filing.

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

Lennar Stock Up 2.3 %

Lennar stock traded up $2.47 during mid-day trading on Friday, hitting $110.87. The company's stock had a trading volume of 7,728,176 shares, compared to its average volume of 2,516,754. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 52-week low of $106.20 and a 52-week high of $187.61. The firm's 50 day moving average is $121.78 and its 200 day moving average is $148.35. The company has a market cap of $29.44 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51.

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Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.70 by $0.44. The business had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $2.57 earnings per share. On average, analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.80%. Lennar's dividend payout ratio is 14.57%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LEN. Evercore ISI restated an "in-line" rating and issued a $131.00 price objective (down previously from $159.00) on shares of Lennar in a report on Monday, March 24th. Keefe, Bruyette & Woods cut their price target on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a report on Tuesday, March 25th. Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. BTIG Research lowered shares of Lennar from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Finally, Bank of America decreased 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. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lennar has a consensus rating of "Hold" and an average target price of $151.07.

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.