Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 138.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 239,058 shares of the construction company's stock after purchasing an additional 138,975 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.09% of Lennar worth $32,600,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Mizuho Bank Ltd. acquired a new position in shares of Lennar in the 4th quarter valued at $42,000. Resona Asset Management Co. Ltd. acquired a new position in Lennar in the fourth quarter valued at about $10,250,000. Systematic Alpha Investments LLC grew its position in shares of Lennar by 24.2% during the 4th quarter. Systematic Alpha Investments LLC now owns 10,729 shares of the construction company's stock worth $1,463,000 after buying an additional 2,090 shares during the period. Unison Advisors LLC increased its stake in shares of Lennar by 0.3% in the 4th quarter. Unison Advisors LLC now owns 37,040 shares of the construction company's stock valued at $5,051,000 after acquiring an additional 100 shares during the last quarter. Finally, Foundry Partners LLC raised its position in shares of Lennar by 58.7% in the 4th quarter. Foundry Partners LLC now owns 73,544 shares of the construction company's stock valued at $10,029,000 after acquiring an additional 27,217 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.
Lennar Stock Down 1.0 %
Shares of Lennar stock traded down $1.06 during trading hours on Friday, reaching $103.43. 1,072,582 shares of the company's stock were exchanged, compared to its average volume of 2,552,071. 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 company has a 50 day moving average of $118.51 and a two-hundred day moving average of $145.53. The stock has a market cap of $27.46 billion, a P/E ratio of 7.21, a P/E/G ratio of 1.24 and a beta of 1.51. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61.
Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The firm 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%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $2.57 earnings per share. On average, sell-side analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.
Lennar Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lennar's dividend payout ratio is currently 14.57%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on Lennar from $192.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, December 13th. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group lowered their price target on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods cut their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $150.07.
Check Out Our Latest Analysis on LEN
About Lennar
(
Free Report)
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.
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