New Age Alpha Advisors LLC Buys Shares of 26,137 Lennar Co. (NYSE:LEN)

New Age Alpha Advisors LLC purchased a new stake in Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,137 shares of the construction company's stock, valued at approximately $3,564,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Crews Bank & Trust bought a new stake in shares of Lennar during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. increased its holdings in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 75 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Lennar in the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Lennar during the third quarter valued at approximately $39,000. Finally, Quarry LP grew its holdings in Lennar by 136.7% during the third quarter. Quarry LP now owns 232 shares of the construction company's stock worth $43,000 after buying an additional 134 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Lennar Price Performance

LEN traded up $0.86 on Monday, reaching $114.79. The company had a trading volume of 3,378,293 shares, compared to its average volume of 2,483,276. Lennar Co. has a 52-week low of $111.26 and a 52-week high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a market cap of $30.48 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 1.24 and a beta of 1.69. The business has a 50 day simple moving average of $124.05 and a 200 day simple moving average of $150.94.

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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, topping the consensus estimate of $1.70 by $0.44. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.57 earnings per share. As a group, sell-side analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.74%. Lennar's payout ratio is 14.57%.

Analysts Set New Price Targets

Several analysts have recently issued reports on LEN shares. Evercore ISI reiterated an "in-line" rating and issued a $131.00 target price (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. Wolfe Research lowered shares of Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Barclays cut their target price on Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company decreased their price target on Lennar from $130.00 to $125.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Finally, StockNews.com lowered shares of Lennar from a "hold" rating to a "sell" rating in a research note on Saturday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lennar presently has a consensus rating of "Hold" and an average target price of $151.07.

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.