Lennar Co. (NYSE:LEN) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Lennar Co. (NYSE:LEN - Free Report) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 375,538 shares of the construction company's stock after purchasing an additional 22,946 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.14% of Lennar worth $51,028,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. boosted its holdings in shares of Lennar by 69.4% in the 4th 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 in the last quarter. Crews Bank & Trust acquired a new position in Lennar in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar during the fourth quarter worth about $28,000. ORG Wealth Partners LLC acquired a new stake in shares of Lennar during the fourth quarter worth about $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after purchasing an additional 79 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Price Performance

Shares of LEN traded down $0.09 during trading hours on Wednesday, reaching $114.42. The company had a trading volume of 739,235 shares, compared to its average volume of 3,312,421. 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 Co. has a 12-month low of $111.26 and a 12-month high of $193.80. The firm has a 50 day simple moving average of $123.14 and a 200-day simple moving average of $149.97. The company has a market capitalization of $30.38 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.24 and a beta of 1.69.

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Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The company had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $2.57 earnings per share. Research analysts expect that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, January 29th. Lennar's dividend payout ratio is currently 14.57%.

Analysts Set New Price Targets

Several research firms have commented on LEN. Wolfe Research lowered Lennar from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Wedbush reiterated a "neutral" rating and issued a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. StockNews.com downgraded shares of Lennar from a "hold" rating to a "sell" rating in a research report on Saturday. Bank of America decreased their target price on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Finally, Barclays dropped their price target on Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $151.07.

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.