Lennar Co. (NYSE:LEN) Stock Position Increased by Horizon Investments LLC

Horizon Investments LLC grew its position in Lennar Co. (NYSE:LEN) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,818 shares of the construction company’s stock after buying an additional 98 shares during the period. Horizon Investments LLC’s holdings in Lennar were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Moors & Cabot Inc. increased its position in Lennar by 2.2% in the 3rd quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company’s stock valued at $577,000 after acquiring an additional 66 shares during the period. Centaurus Financial Inc. increased its holdings in shares of Lennar by 2.5% during the third quarter. Centaurus Financial Inc. now owns 2,937 shares of the construction company’s stock valued at $551,000 after purchasing an additional 71 shares during the period. Commerce Bank raised its stake in shares of Lennar by 0.5% during the third quarter. Commerce Bank now owns 15,074 shares of the construction company’s stock valued at $2,826,000 after purchasing an additional 74 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings 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 period. Finally, Wolff Wiese Magana LLC grew its position in Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after buying an additional 79 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of Lennar stock opened at $120.55 on Thursday. The stock has a market cap of $32.01 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar Co. has a 12 month low of $115.61 and a 12 month high of $187.61. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $126.66 and a 200-day simple moving average of $154.18.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $4.82 EPS. On average, sell-side analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.66%. Lennar’s payout ratio is 13.95%.

Analyst Ratings Changes

LEN has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Keefe, Bruyette & Woods lowered Lennar from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $152.00 to $141.00 in a research note on Tuesday, March 11th. BTIG Research downgraded Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. UBS Group lowered their target price on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price target 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. Fourteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $164.53.

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.