Ossiam Acquires 35,579 Shares of Lennar Co. (NYSE:LEN)

Ossiam lifted its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 26,953.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,711 shares of the construction company's stock after buying an additional 35,579 shares during the quarter. Ossiam's holdings in Lennar were worth $4,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. increased its stake 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 buying an additional 589,553 shares in the last quarter. Wellington Management Group LLP lifted its stake in Lennar by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after acquiring an additional 515,378 shares during the period. Nordea Investment Management AB increased 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. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Lennar in the fourth quarter valued at about $27,933,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Lennar during the fourth quarter valued at about $19,364,000. Institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

LEN has been the subject of a number of research analyst reports. Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Citigroup reduced their target price on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, January 6th. StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, The Goldman Sachs Group reduced their target price on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Fifteen investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Lennar has a consensus rating of "Hold" and an average target price of $150.07.

Lennar Stock Performance

NYSE LEN traded up $1.76 during trading on Thursday, reaching $109.33. The company's stock had a trading volume of 2,277,419 shares, compared to its average volume of 2,559,105. The firm has a market cap of $28.84 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 1.24 and a beta of 1.51. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $187.61. The business's fifty day moving average price is $115.03 and its 200-day moving average price is $140.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

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

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. Lennar's dividend payout ratio (DPR) is presently 14.57%.

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.