EFG Asset Management North America Corp. Acquires 1,372 Shares of Lennar Co. (NYSE:LEN)

EFG Asset Management North America Corp. lifted its holdings in shares of Lennar Co. (NYSE:LEN) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,376 shares of the construction company’s stock after acquiring an additional 1,372 shares during the period. EFG Asset Management North America Corp.’s holdings in Lennar were worth $2,097,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. lifted its stake in Lennar by 69.4% during 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. Crews Bank & Trust bought a new position in shares of Lennar during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Lennar in the 4th quarter valued at $28,000. ORG Wealth Partners LLC bought a new stake in Lennar in the fourth quarter valued at $32,000. Finally, Wolff Wiese Magana LLC raised its stake in 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 in the last quarter. Institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday. Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research note on Tuesday. Citigroup reduced their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company dropped their price target on Lennar from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Finally, Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Fifteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lennar currently has a consensus rating of “Hold” and an average price target of $151.07.

Lennar Stock Up 0.2 %

Shares of NYSE:LEN opened at $117.81 on Wednesday. The company has a 50 day moving average of $125.47 and a 200-day moving average of $152.27. Lennar Co. has a one year low of $111.26 and a one year high of $187.61. The stock has a market cap of $31.28 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last released its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the previous year, the business earned $2.57 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given 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 1.70%. Lennar’s payout ratio is currently 14.57%.

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.