UniSuper Management Pty Ltd Has $2.91 Million Stake in Lennar Co. (NYSE:LEN)

UniSuper Management Pty Ltd boosted its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,340 shares of the construction company's stock after acquiring an additional 4,658 shares during the period. UniSuper Management Pty Ltd's holdings in Lennar were worth $2,910,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after purchasing an additional 589,553 shares during the period. Nordea Investment Management AB raised its position in shares of Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock valued at $308,696,000 after buying an additional 397,492 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of Lennar by 2.6% during the 3rd quarter. Bamco Inc. NY now owns 711,023 shares of the construction company's stock worth $133,303,000 after acquiring an additional 17,834 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Lennar by 0.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 691,910 shares of the construction company's stock worth $129,719,000 after acquiring an additional 3,130 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in Lennar in the third quarter valued at approximately $115,229,000. 81.10% of the stock is currently owned by institutional investors.

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Lennar Trading Down 0.4 %

LEN traded down $0.41 during trading on Tuesday, hitting $114.37. The company's stock had a trading volume of 2,068,431 shares, compared to its average volume of 2,481,631. The firm has a market capitalization of $30.37 billion, a P/E ratio of 7.98, a PEG ratio of 1.24 and a beta of 1.69. Lennar Co. has a twelve month low of $111.26 and a twelve month high of $187.61. The stock's fifty day moving average price is $123.51 and its 200-day moving average price is $150.47. 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 (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) 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 business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same period in the prior year, the firm earned $2.57 earnings per share. Lennar's revenue was up 4.4% on a year-over-year basis. Analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.75%. Lennar's dividend payout ratio is 14.57%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LEN shares. Wedbush reiterated a "neutral" rating and issued a $158.00 price target on shares of Lennar in a research note on Monday, March 17th. Bank of America lowered their target price on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group decreased their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Finally, BTIG Research cut Lennar from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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.