New England Research & Management Inc. Has $1.75 Million Position in Lennar Co. (NYSE:LEN)

New England Research & Management Inc. boosted its stake in Lennar Co. (NYSE:LEN - Free Report) by 115.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,827 shares of the construction company's stock after buying an additional 6,877 shares during the quarter. New England Research & Management Inc.'s holdings in Lennar were worth $1,749,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LEN. Armstrong Advisory Group Inc. lifted its stake 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 buying an additional 75 shares during the period. Oakworth Capital Inc. purchased a new position in shares of Lennar in the 3rd quarter worth $27,000. Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 933.3% in 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. purchased a new stake in Lennar during the 3rd quarter worth $30,000. Finally, Asset Dedication LLC boosted its holdings in Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock worth $32,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Up 2.9 %

Shares of LEN stock traded up $3.79 on Thursday, reaching $136.02. 1,969,024 shares of the company's stock traded hands, compared to its average volume of 3,505,648. The business's 50 day moving average price is $147.63 and its two-hundred day moving average price is $166.67. The company has a market capitalization of $36.89 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a 12-month low of $128.41 and a 12-month high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results 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). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.82 EPS. On average, equities analysts forecast that Lennar Co. will post 13.02 earnings per share for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.47%. Lennar's dividend payout ratio is 13.95%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Lennar from an "underperform" rating to a "sector perform" rating and set a $130.00 target price for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. cut their price target on Lennar from $192.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, December 13th. BTIG Research lowered Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. UBS Group lowered their price target on shares of Lennar from $205.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Wolfe Research cut Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Lennar currently has an average rating of "Hold" and a consensus target price of $168.38.

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.