Livforsakringsbolaget Skandia Omsesidigt Purchases 9,000 Shares of Lennar Co. (NYSE:LEN)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 51.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,382 shares of the construction company's stock after purchasing an additional 9,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Lennar were worth $3,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LEN. International Assets Investment Management LLC increased its position in Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company's stock valued at $28,209,000 after acquiring an additional 149,812 shares in the last quarter. Smead Capital Management Inc. lifted its stake in shares of Lennar by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company's stock valued at $499,991,000 after acquiring an additional 89,896 shares during the period. Verition Fund Management LLC increased its position in Lennar by 147.6% in the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company's stock worth $12,978,000 after purchasing an additional 41,264 shares during the period. Polianta Ltd bought a new stake in Lennar during the 4th quarter worth about $900,000. Finally, OneDigital Investment Advisors LLC lifted its position in Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company's stock valued at $1,626,000 after purchasing an additional 4,363 shares during the period. 81.10% of the stock is owned by institutional investors.

Lennar Stock Up 0.6 %

Shares of NYSE:LEN traded up $0.67 during mid-day trading on Monday, reaching $122.61. 4,119,623 shares of the stock were exchanged, compared to its average volume of 3,601,097. The company has a market cap of $32.56 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.28 and a beta of 1.67. The stock's 50 day simple moving average is $141.34 and its 200-day simple moving average is $164.66. 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 one year low of $121.40 and a one year high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts' consensus estimates of $4.15 by ($0.12). The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.82 EPS. As a group, equities research analysts predict that Lennar Co. will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors 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 of this dividend is Wednesday, January 29th. Lennar's dividend payout ratio is currently 13.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, December 23rd. BTIG Research cut shares of Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their price target on Lennar from $192.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, December 13th. Bank of America dropped their price objective on Lennar from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Citigroup decreased their target price on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $167.19.

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.