Semanteon Capital Management LP Takes Position in Lennar Co. (NYSE:LEN)

Semanteon Capital Management LP bought a new stake in shares of Lennar Co. (NYSE:LEN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 5,682 shares of the construction company's stock, valued at approximately $775,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its stake in shares of Lennar by 69.4% during the fourth 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 during the period. Crews Bank & Trust purchased a new stake in Lennar during the 4th quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in Lennar in the 4th quarter worth $28,000. ORG Wealth Partners LLC purchased a new position in Lennar in the 4th quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Lennar by 51.0% during the fourth 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 owned by institutional investors and hedge funds.

Lennar Stock Performance

NYSE:LEN traded up $0.25 during midday trading on Tuesday, reaching $117.81. 3,655,620 shares of the company traded hands, compared to its average volume of 2,376,011. Lennar Co. has a twelve month low of $111.26 and a twelve month high of $187.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The company has a fifty day moving average price of $125.47 and a 200 day moving average price of $152.27. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

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Lennar (NYSE:LEN - Get Free Report) last released its quarterly 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. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.57 earnings per share. On average, analysts expect that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.70%. Lennar's dividend payout ratio (DPR) is presently 14.57%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LEN. Royal Bank of Canada lowered their price objective on Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a research note on Monday. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Barclays reduced their price objective on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday. Bank of America dropped their target price on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, December 13th. Fifteen equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $151.07.

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.