Ruffer LLP Purchases Shares of 23,617 Lennar Co. (NYSE:LEN)

Ruffer LLP acquired a new position in shares of Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,617 shares of the construction company's stock, valued at approximately $3,221,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. lifted its holdings in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 75 shares during the period. Crews Bank & Trust bought a new position in Lennar during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new position in Lennar during the 4th quarter valued at about $28,000. ORG Wealth Partners LLC bought a new position in Lennar during the 4th quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC lifted its holdings in Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after purchasing an additional 79 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Trading Down 2.2 %

NYSE LEN traded down $2.68 during trading on Wednesday, reaching $118.76. 3,583,997 shares of the stock traded hands, compared to its average volume of 2,337,599. The firm has a market cap of $31.53 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The stock's 50-day moving average price is $128.24 and its 200 day moving average price is $156.40. 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 fifty-two week low of $116.67 and a fifty-two week high of $187.61.

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Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) 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 net margin of 11.10% and a return on equity of 13.93%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.82 EPS. Analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Wednesday, January 29th. Lennar's payout ratio is currently 13.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Bank of America cut their price target on shares of Lennar from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Royal Bank of Canada lowered their price objective on shares of Lennar from $130.00 to $125.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective 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. Finally, UBS Group lowered their price objective on shares of Lennar from $205.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $163.19.

Lennar Company 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.