Lennar Co. (NYSE:LEN) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in Lennar Co. (NYSE:LEN - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,300 shares of the construction company's stock after buying an additional 3,964 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Lennar were worth $3,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. raised its holdings in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Wolff Wiese Magana LLC increased 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 worth $32,000 after buying an additional 79 shares in the last quarter. Howard Capital Management Inc. grew its holdings in Lennar by 0.3% during the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after buying an additional 81 shares in the last quarter. Premier Path Wealth Partners LLC boosted its position in shares of Lennar by 2.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after acquiring an additional 87 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Lennar by 1.7% in the third quarter. Coldstream Capital Management Inc. now owns 5,546 shares of the construction company's stock worth $1,036,000 after purchasing an additional 92 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

LEN has been the subject of a number of recent analyst reports. Bank of America dropped their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods dropped their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. UBS Group lowered their price objective on Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Citigroup decreased their price objective on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned 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 $151.07.

Lennar Price Performance

LEN traded up $0.86 during midday trading on Monday, hitting $114.79. 3,378,293 shares of the company traded hands, compared to its average volume of 2,483,276. Lennar Co. has a 52-week low of $111.26 and a 52-week high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The business has a 50 day simple moving average of $124.05 and a two-hundred day simple moving average of $150.94. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN - Get Free Report) last announced its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS 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 analysts' expectations of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.57 earnings per share. On average, equities analysts forecast that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Wednesday, January 29th. Lennar's dividend payout ratio is currently 14.57%.

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.