Schroder Investment Management Group Boosts Holdings in Lennar Co. (NYSE:LEN)

Schroder Investment Management Group grew its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 18.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,078 shares of the construction company's stock after buying an additional 23,898 shares during the quarter. Schroder Investment Management Group owned 0.06% of Lennar worth $20,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its position in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Lennar in the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Lennar during the fourth quarter valued at approximately $28,000. ORG Wealth Partners LLC purchased a new stake in Lennar during the fourth quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Lennar by 51.0% during 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group decreased their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reduced their target price on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, December 13th. Evercore ISI reaffirmed an "in-line" rating and set a $131.00 price target (down previously from $159.00) on shares of Lennar in a report on Monday, March 24th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $151.07.

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Lennar Price Performance

NYSE:LEN traded down $3.99 during trading hours on Monday, reaching $107.04. The stock had a trading volume of 5,759,002 shares, compared to its average volume of 2,529,673. The stock has a market capitalization of $28.42 billion, a PE ratio of 7.46, a PEG ratio of 1.24 and a beta of 1.51. Lennar Co. has a 52 week low of $105.39 and a 52 week high of $187.61. The company has a 50 day moving average price of $121.16 and a two-hundred day moving average price of $147.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

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

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors 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 1.87%. 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.