Lecap Asset Management Ltd. Grows Stock Holdings in Lennar Co. (NYSE:LEN)

Lecap Asset Management Ltd. lifted its stake in Lennar Co. (NYSE:LEN - Free Report) by 208.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,433 shares of the construction company's stock after acquiring an additional 5,697 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Lennar were worth $1,150,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new position in shares of Lennar in the 3rd quarter valued at $27,000. Wolff Wiese Magana LLC boosted its stake in Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock worth $29,000 after purchasing an additional 140 shares during the period. GHP Investment Advisors Inc. acquired a new stake in Lennar during the 3rd quarter worth $30,000. Asset Dedication LLC boosted its stake in Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Lennar during the 4th quarter worth $25,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

LEN traded up $0.67 during midday trading on Monday, reaching $122.61. 4,119,623 shares of the company's stock were exchanged, compared to its average volume of 3,601,097. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock has a market capitalization of $32.56 billion, a PE ratio of 8.55, a P/E/G ratio of 1.28 and a beta of 1.67. The business's 50-day moving average price is $141.34 and its 200 day moving average price is $164.66. Lennar Co. has a 1-year low of $121.40 and a 1-year high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.82 EPS. As a group, equities analysts anticipate that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Wednesday, January 29th. Lennar's dividend payout ratio is presently 13.95%.

Analyst Upgrades and Downgrades

LEN has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. Royal Bank of Canada lowered their target price on shares of Lennar from $130.00 to $125.00 and set a "sector perform" rating on the stock in a report on Thursday. Wells Fargo & Company lowered their target price on shares of Lennar from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 17th. UBS Group lowered their target price on shares of Lennar from $205.00 to $192.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Lennar from $210.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $167.19.

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.