Groupama Asset Managment Takes $586,000 Position in Lennar Co. (NYSE:LEN)

Groupama Asset Managment purchased a new position in Lennar Co. (NYSE:LEN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,306 shares of the construction company's stock, valued at approximately $586,000.

Several other large investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in shares of Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Lennar by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock worth $441,769,000 after acquiring an additional 515,378 shares during the last quarter. Nordea Investment Management AB grew its stake in Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock valued at $308,696,000 after acquiring an additional 397,492 shares in the last quarter. Cannell & Spears LLC boosted its holdings in shares of Lennar by 1.0% during the 4th quarter. Cannell & Spears LLC now owns 514,970 shares of the construction company's stock valued at $70,226,000 after purchasing an additional 5,311 shares during the last quarter. Finally, Sound Shore Management Inc. CT increased its holdings in shares of Lennar by 12.2% in the fourth quarter. Sound Shore Management Inc. CT now owns 396,289 shares of the construction company's stock worth $54,042,000 after purchasing an additional 42,949 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LEN shares. Wedbush reissued a "neutral" rating and issued a $158.00 target price on shares of Lennar in a report on Monday, March 17th. The Goldman Sachs Group cut their target price on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. StockNews.com downgraded shares of Lennar from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. JPMorgan Chase & Co. dropped their target price on 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 reduced their target price on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. One research 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 company. Based on data from MarketBeat, Lennar has an average rating of "Hold" and a consensus price target of $150.07.

Lennar Stock Performance

NYSE:LEN traded up $5.83 during mid-day trading on Wednesday, hitting $108.79. The company's stock had a trading volume of 5,647,139 shares, compared to its average volume of 2,561,146. The business's fifty day moving average is $118.94 and its two-hundred day moving average is $146.08. The stock has a market cap of $28.89 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 1.24 and a beta of 1.51. 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 1 year low of $98.42 and a 1 year high of $187.61.

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

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar's dividend payout ratio (DPR) is presently 14.57%.

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.