9,757 Shares in Lennar Co. (NYSE:LEN) Bought by TrueMark Investments LLC

TrueMark Investments LLC bought a new position in shares of Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,757 shares of the construction company's stock, valued at approximately $1,331,000.

A number of other large investors have also recently made changes to their positions in the stock. EFG Asset Management North America Corp. increased its holdings in Lennar by 9.8% during the 4th quarter. EFG Asset Management North America Corp. now owns 15,376 shares of the construction company's stock worth $2,097,000 after purchasing an additional 1,372 shares during the period. Sound Shore Management Inc. CT increased its stake in shares of Lennar by 12.2% during the fourth quarter. Sound Shore Management Inc. CT now owns 396,289 shares of the construction company's stock valued at $54,042,000 after buying an additional 42,949 shares during the period. Community Bank N.A. raised its holdings in shares of Lennar by 13.2% in the fourth quarter. Community Bank N.A. now owns 5,055 shares of the construction company's stock valued at $689,000 after acquiring an additional 590 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Lennar in the fourth quarter worth about $973,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Lennar during the 4th quarter valued at about $19,364,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Performance

LEN traded down $4.15 on Friday, reaching $113.83. 3,553,781 shares of the stock were exchanged, compared to its average volume of 2,479,698. The company's 50-day moving average price is $124.05 and its 200 day moving average price is $151.13. 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 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. Lennar Co. has a fifty-two week low of $111.26 and a fifty-two week high of $187.61.

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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, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the prior year, the firm earned $2.57 earnings per share. Lennar's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast 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. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.76%. Lennar's payout ratio is currently 14.57%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. UBS Group dropped their target price on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. StockNews.com cut Lennar from a "hold" rating to a "sell" rating in a research note on Saturday. Wolfe Research lowered Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Finally, BTIG Research lowered shares of Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $151.07.

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.