Lennar Co. (NYSE:LEN) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its position in shares of Lennar Co. (NYSE:LEN) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,852 shares of the construction company’s stock after purchasing an additional 249 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Lennar were worth $253,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Crews Bank & Trust acquired a new stake in shares of Lennar in the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. boosted its position in shares of 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 acquiring an additional 75 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Lennar in the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lennar in the third quarter worth approximately $39,000. Finally, Quarry LP boosted its position in shares of Lennar by 136.7% in the third quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after acquiring an additional 134 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LEN has been the topic of several research reports. Citigroup cut their price target on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price target 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. Royal Bank of Canada cut their price target on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. UBS Group cut their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Bank of America cut their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus target price of $163.88.

Lennar Stock Up 2.9 %

Shares of NYSE:LEN opened at $122.16 on Thursday. 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 fifty day simple moving average of $129.60 and a 200 day simple moving average of $158.33. The firm has a market cap of $32.44 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar Co. has a 12-month low of $116.67 and a 12-month high of $187.61.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion during 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 firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.82 EPS. On average, equities research analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

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.