26,137 Shares in Lennar Co. (NYSE:LEN) Bought by New Age Alpha Advisors LLC

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

Other large investors have also recently modified their holdings of the company. Verition Fund Management LLC raised its stake in Lennar by 147.6% in the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company's stock valued at $12,978,000 after purchasing an additional 41,264 shares in the last quarter. Polianta Ltd bought a new stake in Lennar in the 4th quarter worth approximately $900,000. Nordea Investment Management AB boosted its stake in shares of Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock valued at $308,696,000 after purchasing an additional 397,492 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Lennar by 71.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,327 shares of the construction company's stock valued at $2,686,000 after purchasing an additional 5,981 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after purchasing an additional 589,553 shares during the period. Institutional investors own 81.10% of the company's stock.

Lennar Stock Up 0.2 %

LEN stock traded up $0.28 during trading on Wednesday, hitting $114.79. 828,029 shares of the stock traded hands, compared to its average volume of 3,314,205. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock has a market cap of $30.48 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar Co. has a 1 year low of $111.26 and a 1 year high of $193.80. The firm's 50 day moving average is $123.14 and its two-hundred day moving average is $149.97.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.57 EPS. On average, sell-side analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. The Goldman Sachs Group cut their target price on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Wedbush reaffirmed a "neutral" rating and set a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Barclays reduced 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. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lennar currently has a consensus rating of "Hold" and an average target price of $151.07.

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.