River Road Asset Management LLC Purchases 13,474 Shares of Lennar Co. (NYSE:LEN)

River Road Asset Management LLC increased its stake in Lennar Co. (NYSE:LEN - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 391,524 shares of the construction company's stock after purchasing an additional 13,474 shares during the quarter. River Road Asset Management LLC owned about 0.15% of Lennar worth $53,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Crews Bank & Trust acquired a new stake in Lennar in the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. lifted its holdings in shares of 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 period. SBI Securities Co. Ltd. acquired a new position in Lennar during the fourth quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new stake in Lennar in the 3rd quarter valued at about $39,000. Finally, Quarry LP boosted its position in shares of Lennar by 136.7% during the 3rd quarter. Quarry LP now owns 232 shares of the construction company's stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Performance

NYSE:LEN traded down $1.66 during trading hours on Wednesday, hitting $119.78. 2,189,172 shares of the company traded hands, compared to its average volume of 2,331,980. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.24 and a beta of 1.69. The firm has a 50-day moving average of $128.59 and a 200 day moving average of $156.67. Lennar Co. has a twelve month low of $116.67 and a twelve month high of $187.61.

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Lennar (NYSE:LEN - Get Free Report) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts' consensus estimates of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the business earned $4.82 earnings per share. On average, analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.67%. Lennar's payout ratio is 13.95%.

Wall Street Analyst Weigh In

LEN has been the topic of several research reports. Citigroup dropped their price target on Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered Lennar from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $152.00 to $141.00 in a research report on Tuesday. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush reissued a "neutral" rating and issued a $164.00 target price on shares of Lennar in a research report on Thursday, December 19th. Finally, Bank of America lowered their price objective on shares of Lennar from $150.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $163.19.

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.