Lyell Wealth Management LP Raises Stake in Lennar Co. (NYSE:LEN)

Lyell Wealth Management LP grew its stake in Lennar Co. (NYSE:LEN - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,161 shares of the construction company's stock after buying an additional 4,538 shares during the quarter. Lyell Wealth Management LP's holdings in Lennar were worth $11,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its position in Lennar by 23,048.0% in the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company's stock worth $28,209,000 after buying an additional 149,812 shares in the last quarter. Smead Capital Management Inc. boosted its stake in shares of Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company's stock worth $499,991,000 after acquiring an additional 89,896 shares during the period. Verition Fund Management LLC boosted its stake in shares of 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 acquiring an additional 41,264 shares during the period. Polianta Ltd bought a new position in shares of Lennar in the fourth quarter worth about $900,000. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Lennar by 101.2% in the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company's stock worth $1,626,000 after acquiring an additional 4,363 shares during the period. Hedge funds and other institutional investors own 81.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Lennar from $170.00 to $152.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on Lennar from $145.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday. Barclays reduced their price target on Lennar from $135.00 to $121.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. UBS Group reduced their price target on Lennar from $205.00 to $192.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Lennar has a consensus rating of "Hold" and an average price target of $163.88.

Lennar Stock Down 1.7 %

Shares of NYSE:LEN traded down $2.10 on Friday, reaching $120.59. The company had a trading volume of 2,472,302 shares, compared to its average volume of 3,400,870. Lennar Co. has a 52-week low of $117.90 and a 52-week high of $193.80. The firm's 50 day simple moving average is $133.10 and its 200-day simple moving average is $161.14. The firm has a market capitalization of $32.02 billion, a PE ratio of 8.41, a PEG ratio of 1.24 and a beta of 1.67. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) 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 company had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $10.06 billion. During the same quarter in the prior year, the business posted $4.82 earnings per share. The company's revenue was down 9.3% compared to the same quarter last year. As a group, analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.66%. Lennar's payout ratio is 13.95%.

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.