Edgestream Partners L.P. Makes New $5.56 Million Investment in Lennar Co. (NYSE:LEN)

Edgestream Partners L.P. bought a new position in Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,744 shares of the construction company's stock, valued at approximately $5,556,000.

Other large investors have also recently bought and sold shares of the company. Smead Capital Management Inc. raised its holdings in Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company's stock worth $499,991,000 after acquiring an additional 89,896 shares during the period. Verition Fund Management LLC increased its stake in shares of Lennar by 147.6% in the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company's stock worth $12,978,000 after purchasing an additional 41,264 shares during the period. Polianta Ltd acquired a new position in shares of Lennar during the 4th quarter worth about $900,000. OneDigital Investment Advisors LLC boosted its stake in Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company's stock valued at $1,626,000 after purchasing an additional 4,363 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock valued at $308,696,000 after buying an additional 397,492 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LEN has been the subject of a number of research analyst reports. BTIG Research lowered shares of Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Wedbush restated a "neutral" rating and issued a $164.00 target price on shares of Lennar in a research note on Thursday, December 19th. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Finally, UBS Group lowered their price objective on Lennar from $205.00 to $192.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $163.19.

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Lennar Trading Down 2.2 %

LEN traded down $2.68 during mid-day trading on Wednesday, reaching $118.76. The stock had a trading volume of 2,919,598 shares, compared to its average volume of 2,337,083. The stock has a market capitalization of $31.53 billion, a P/E ratio of 8.28, a P/E/G ratio of 1.24 and a beta of 1.69. Lennar Co. has a 52 week low of $116.67 and a 52 week high of $187.61. 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 fifty day simple moving average is $128.59 and its two-hundred day simple moving average is $156.67.

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 analysts' consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion for 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 company's quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $4.82 earnings per share. On average, equities analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.68%. Lennar's dividend payout ratio (DPR) is currently 13.95%.

Lennar 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.