Swedbank AB Acquires 2,473 Shares of Lennar Co. (NYSE:LEN)

Swedbank AB boosted its holdings in Lennar Co. (NYSE:LEN - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 167,182 shares of the construction company's stock after buying an additional 2,473 shares during the quarter. Swedbank AB owned 0.06% of Lennar worth $22,799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Armstrong Advisory Group Inc. raised 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 worth $25,000 after purchasing an additional 75 shares during the period. Oakworth Capital Inc. acquired a new stake in Lennar during the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC boosted its holdings in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company's stock worth $29,000 after buying an additional 140 shares during the period. GHP Investment Advisors Inc. purchased a new position in shares of Lennar in the third quarter worth approximately $30,000. Finally, Asset Dedication LLC lifted its position in shares of Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company's stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Lennar from $210.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, December 20th. Bank of America reduced their price objective on Lennar from $150.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Wells Fargo & Company dropped their target price on 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 decreased their price target on shares of Lennar from $205.00 to $192.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Citigroup cut their target price on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $167.50.

Lennar Stock Performance

LEN stock traded down $4.98 during midday trading on Monday, hitting $126.26. 2,899,262 shares of the company traded hands, compared to its average volume of 3,462,893. The business has a 50 day simple moving average of $146.21 and a 200-day simple moving average of $166.24. 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 twelve month low of $125.21 and a twelve month high of $193.80. The stock has a market capitalization of $33.52 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66.

Lennar (NYSE:LEN - Get Free Report) last announced its 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). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter last year, the business earned $4.82 EPS. The business's revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts predict that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar's dividend payout ratio (DPR) is presently 13.95%.

Lennar 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.