Sava Infond d.o.o. Takes $649,000 Position in Lennar Co. (NYSE:LEN)

Sava Infond d.o.o. bought a new position in Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,950 shares of the construction company's stock, valued at approximately $649,000.

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

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of recent analyst reports. Wolfe Research lowered Lennar from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Citigroup cut their target price on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $151.07.

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Lennar Stock Performance

LEN stock traded down $4.15 on Friday, reaching $113.83. 3,553,781 shares of the company were exchanged, compared to its average volume of 2,479,698. The stock's fifty day moving average price is $124.05 and its 200 day moving average price is $151.13. The firm has a market capitalization of $30.22 billion, a PE ratio of 7.94, a PEG ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 12 month low of $111.26 and a 12 month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS 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 firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $7.44 billion. During the same period last year, the business earned $2.57 earnings per share. Lennar's quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.76%. Lennar's dividend payout ratio is currently 14.57%.

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.