Oxford Asset Management LLP Makes New $667,000 Investment in Lennar Co. (NYSE:LEN)

Oxford Asset Management LLP acquired a new stake in shares of Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,893 shares of the construction company's stock, valued at approximately $667,000.

Several other institutional investors and hedge funds have also bought and sold shares of LEN. Armstrong Advisory Group Inc. grew its holdings in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after purchasing an additional 75 shares during the period. Crews Bank & Trust bought a new position in Lennar during the fourth quarter valued at $25,000. Hurley Capital LLC bought a new position in Lennar during the fourth quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in Lennar during the fourth quarter valued at $28,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Lennar in the fourth quarter worth $32,000. 81.10% of the stock is owned by institutional investors.

Lennar Trading Down 0.5 %

Shares of LEN traded down $0.56 during trading hours on Tuesday, hitting $107.59. The company had a trading volume of 1,882,352 shares, compared to its average volume of 2,564,240. The firm has a market cap of $28.38 billion, a P/E ratio of 7.50, a P/E/G ratio of 1.24 and a beta of 1.51. The stock's 50 day moving average price is $114.19 and its 200 day moving average price is $138.77. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 52-week low of $98.42 and a 52-week high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last posted 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 company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $2.57 earnings per share. On average, research analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.50 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.86%. Lennar's payout ratio is presently 14.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LEN shares. The Goldman Sachs Group cut their price target on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. UBS Group cut their price target on Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a report on Monday, March 24th. Royal Bank of Canada cut their price target on Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a report on Monday, March 24th. StockNews.com upgraded Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays lowered their price objective 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. Fifteen analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $150.07.

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.