Semanteon Capital Management LP Invests $775,000 in Lennar Co. (NYSE:LEN)

Semanteon Capital Management LP bought a new position in Lennar Co. (NYSE:LEN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,682 shares of the construction company’s stock, valued at approximately $775,000.

Other large investors have also made changes to their positions in the company. Verition Fund Management LLC grew its holdings in shares of Lennar by 147.6% in the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after purchasing an additional 41,264 shares during the last quarter. Polianta Ltd bought a new stake in Lennar during the 4th quarter worth about $900,000. Nordea Investment Management AB grew its holdings in Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after acquiring an additional 397,492 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Lennar by 13.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 30,278 shares of the construction company’s stock worth $5,677,000 after acquiring an additional 3,674 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in Lennar by 71.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,327 shares of the construction company’s stock worth $2,686,000 after acquiring an additional 5,981 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of NYSE:LEN opened at $115.09 on Friday. The firm’s 50 day simple moving average is $126.09 and its 200 day simple moving average is $153.48. Lennar Co. has a fifty-two week low of $111.26 and a fifty-two week 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 market capitalization of $30.56 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. During the same period in the prior year, the business earned $2.57 EPS. Lennar’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors 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 yield of 1.74%. Lennar’s payout ratio is 13.95%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. The Goldman Sachs Group decreased their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Royal Bank of Canada cut their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Wells Fargo & Company cut their target price on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday. 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’s stock. Based on data from MarketBeat, Lennar presently has an average rating of “Hold” and an average target price of $164.53.

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.