First Washington CORP Has $3.18 Million Stake in Lennar Co. (NYSE:LEN)

First Washington CORP raised its stake in Lennar Co. (NYSE:LEN - Free Report) by 102.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,283 shares of the construction company's stock after acquiring an additional 11,768 shares during the quarter. First Washington CORP's holdings in Lennar were worth $3,175,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Passumpsic Savings Bank boosted its stake in Lennar by 3.6% in the 3rd quarter. Passumpsic Savings Bank now owns 12,872 shares of the construction company's stock valued at $2,413,000 after purchasing an additional 452 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of Lennar by 8.7% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 1,973 shares of the construction company's stock valued at $370,000 after acquiring an additional 158 shares during the period. World Investment Advisors LLC acquired a new position in shares of Lennar in the third quarter valued at about $251,000. Wilmington Savings Fund Society FSB bought a new position in Lennar during the third quarter worth about $241,000. Finally, Synovus Financial Corp raised its stake in Lennar by 1.3% in the 3rd quarter. Synovus Financial Corp now owns 47,348 shares of the construction company's stock worth $8,877,000 after purchasing an additional 627 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Trading Up 1.3 %

Lennar stock traded up $1.41 during trading hours on Thursday, hitting $108.98. The stock had a trading volume of 951,816 shares, compared to its average volume of 3,368,482. The business's 50 day simple moving average is $115.03 and its 200-day simple moving average is $140.82. Lennar Co. has a one year low of $98.42 and a one year high of $193.80. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The stock has a market cap of $28.75 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 1.24 and a beta of 1.51.

Lennar (NYSE:LEN - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $2.57 EPS. On average, equities analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.84%. The ex-dividend date is Wednesday, April 23rd. Lennar's payout ratio is presently 14.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LEN shares. UBS Group dropped their price target on shares of Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a research report on Monday, March 24th. StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Citigroup dropped their price target on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Barclays decreased their target price on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, March 24th. Finally, Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Fifteen analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $150.07.

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.