Lennar Co. (NYSE:LEN) Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. boosted its holdings in shares of Lennar Co. (NYSE:LEN) by 115.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,827 shares of the construction company’s stock after purchasing an additional 6,877 shares during the period. New England Research & Management Inc.’s holdings in Lennar were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. increased 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 valued at $25,000 after buying an additional 75 shares in the last quarter. Oakworth Capital Inc. purchased a new position in Lennar in the third quarter valued at $27,000. Wolff Wiese Magana LLC increased its holdings in Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Lennar in the third quarter valued at $30,000. Finally, Asset Dedication LLC increased its holdings in Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after buying an additional 169 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Trading Down 2.9 %

Shares of NYSE:LEN opened at $132.11 on Thursday. Lennar Co. has a 52 week low of $128.41 and a 52 week high of $193.80. The company’s 50 day moving average is $148.35 and its two-hundred day moving average is $166.92. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market cap of $35.83 billion, a PE ratio of 9.21, a P/E/G ratio of 1.32 and a beta of 1.66.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The firm had revenue of $9.95 billion during 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 for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.82 earnings per share. Equities analysts predict that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 13.95%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LEN. The Goldman Sachs Group cut their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Wedbush reissued a “neutral” rating and set a $164.00 target price on shares of Lennar in a research note on Thursday, December 19th. Citigroup dropped their price objective on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company dropped their price objective on shares of Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Finally, Barclays decreased their target price on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $168.38.

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.