Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in Lennar Co. (NYSE:LEN)

Tokio Marine Asset Management Co. Ltd. raised its stake in Lennar Co. (NYSE:LEN) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,630 shares of the construction company’s stock after purchasing an additional 165 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Lennar were worth $1,041,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Czech National Bank boosted its position in Lennar by 5.5% during the third quarter. Czech National Bank now owns 49,237 shares of the construction company’s stock worth $9,231,000 after purchasing an additional 2,575 shares in the last quarter. Chemistry Wealth Management LLC purchased a new position in Lennar during the third quarter worth about $370,000. Fulton Bank N.A. lifted its position in Lennar by 4.6% during the third quarter. Fulton Bank N.A. now owns 3,330 shares of the construction company’s stock worth $624,000 after buying an additional 147 shares during the period. City Center Advisors LLC lifted its position in Lennar by 7.1% during the third quarter. City Center Advisors LLC now owns 1,665 shares of the construction company’s stock worth $312,000 after buying an additional 111 shares during the period. Finally, Mather Group LLC. raised its holdings in shares of Lennar by 12.2% in the 3rd quarter. Mather Group LLC. now owns 1,147 shares of the construction company’s stock worth $215,000 after purchasing an additional 125 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LEN shares. The Goldman Sachs Group cut their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Barclays cut their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Royal Bank of Canada upgraded Lennar from an “underperform” rating to a “sector perform” rating and set a $130.00 target price for the company in a research note on Friday, January 10th. Finally, Citigroup lowered their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $167.50.

Lennar Trading Down 3.9 %

NYSE:LEN opened at $126.15 on Tuesday. 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’s 50 day moving average is $146.21 and its two-hundred day moving average is $166.24. Lennar Co. has a 52 week low of $125.21 and a 52 week high of $193.80. The company has a market cap of $33.49 billion, a PE ratio of 8.80, a P/E/G ratio of 1.32 and a beta of 1.66.

Lennar (NYSE:LEN) last released its earnings results 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 for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.82 EPS. On average, analysts predict that Lennar Co. will post 12.52 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 13.95%.

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.