Generali Investments CEE investicni spolecnost a.s. Takes Position in Lennar Co. (NYSE:LEN)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,000 shares of the construction company's stock, valued at approximately $1,091,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Advisory Group Inc. increased its position 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 acquiring an additional 75 shares in the last quarter. Crews Bank & Trust bought a new stake in Lennar in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new position in shares of Lennar during the 4th quarter valued at $28,000. ORG Wealth Partners LLC bought a new stake in shares of Lennar in the fourth quarter worth $32,000. Finally, Wolff Wiese Magana LLC increased its position in Lennar by 51.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after acquiring an additional 79 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Down 2.2 %

Shares of LEN stock traded down $2.68 on Wednesday, hitting $118.76. The stock had a trading volume of 3,583,996 shares, compared to its average volume of 2,337,083. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a one year low of $116.67 and a one year high of $187.61. The business has a 50 day moving average price of $128.59 and a 200 day moving average price of $156.67. The company has a market cap of $31.53 billion, a PE ratio of 8.28, a P/E/G ratio of 1.24 and a beta of 1.69.

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Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.82 EPS. Research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.68%. Lennar's dividend payout ratio is presently 13.95%.

Analysts Set New Price Targets

LEN has been the subject of a number of recent research reports. Royal Bank of Canada cut their price target on Lennar from $130.00 to $125.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Wolfe Research downgraded shares of Lennar from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price 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. Wells Fargo & Company cut their price target on Lennar from $145.00 to $130.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group decreased their price objective on Lennar from $190.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $163.19.

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.