Marathon Trading Investment Management LLC Acquires Shares of 5,900 Lennar Co. (NYSE:LEN)

Marathon Trading Investment Management LLC purchased a new position in Lennar Co. (NYSE:LEN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,900 shares of the construction company's stock, valued at approximately $805,000.

A number of other large investors also recently made changes to their positions in LEN. Crews Bank & Trust acquired a new position in shares of Lennar during the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. boosted its stake in 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 buying an additional 75 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Lennar in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in shares of Lennar during the 3rd quarter worth about $39,000. Finally, Quarry LP increased its stake in Lennar by 136.7% in the third quarter. Quarry LP now owns 232 shares of the construction company's stock valued at $43,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods cut Lennar from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $152.00 to $141.00 in a report on Tuesday. UBS Group dropped their price objective 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. Barclays lowered their target price on Lennar from $135.00 to $121.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group reduced their target price on shares of Lennar from $190.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, December 23rd. Finally, Citigroup cut their price objective on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $163.19.

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Lennar Trading Down 1.4 %

Shares of Lennar stock traded down $1.67 on Wednesday, hitting $119.77. 2,033,889 shares of the company traded hands, compared to its average volume of 2,331,362. Lennar Co. has a 52 week low of $116.67 and a 52 week high of $187.61. The company has a market cap of $31.80 billion, a PE ratio of 8.35, a PEG ratio of 1.24 and a beta of 1.69. The stock's 50 day moving average price is $128.59 and its 200-day moving average price is $156.67. 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 released its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 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 business had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $10.06 billion. During the same quarter last year, the business posted $4.82 earnings per share. The company's quarterly revenue was down 9.3% compared to the same quarter last year. Equities research analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.67%. Lennar's payout ratio is 13.95%.

About Lennar

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.