Polymer Capital Management US LLC Makes New $823,000 Investment in Lennar Co. (NYSE:LEN)

Polymer Capital Management US LLC bought a new stake in Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,038 shares of the construction company's stock, valued at approximately $823,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Crews Bank & Trust acquired a new stake in shares of Lennar during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. lifted its stake in Lennar by 69.4% in the fourth 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 during the last quarter. Hurley Capital LLC purchased a new position in shares of Lennar during the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar in the 4th quarter valued at $28,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lennar in the 3rd quarter valued at $39,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

Shares of LEN traded up $0.68 during trading hours on Friday, reaching $105.17. 2,766,087 shares of the company traded hands, compared to its average volume of 2,560,350. The stock has a fifty day simple moving average of $118.05 and a 200 day simple moving average of $144.99. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The stock has a market capitalization of $27.93 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

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

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Wednesday, April 23rd. Lennar's dividend payout ratio is currently 14.57%.

Wall Street Analyst Weigh In

LEN has been the subject of a number of research reports. Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Seaport Res Ptn raised Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. StockNews.com downgraded Lennar from a "hold" rating to a "sell" rating in a report on Saturday, March 29th. Bank of America dropped their price objective on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Finally, Royal Bank of Canada reduced their target price on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $150.07.

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.