Achmea Investment Management B.V. Buys 6,701 Shares of Lennar Co. (NYSE:LEN)

Achmea Investment Management B.V. boosted its stake in shares of Lennar Co. (NYSE:LEN) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,301 shares of the construction company’s stock after purchasing an additional 6,701 shares during the quarter. Achmea Investment Management B.V. owned about 0.05% of Lennar worth $18,451,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Smead Capital Management Inc. boosted its position in Lennar by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after purchasing an additional 89,896 shares during the period. Verition Fund Management LLC boosted its position in Lennar by 147.6% during the third 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 period. Polianta Ltd bought a new stake in Lennar during the fourth quarter worth approximately $900,000. OneDigital Investment Advisors LLC boosted its position in Lennar by 101.2% during the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after purchasing an additional 4,363 shares during the period. Finally, Nordea Investment Management AB boosted its position in Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after purchasing an additional 397,492 shares during the period. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of NYSE:LEN opened at $118.76 on Thursday. The business’s fifty day moving average price is $128.24 and its two-hundred day moving average price is $156.40. Lennar Co. has a fifty-two week low of $116.67 and a fifty-two week high of $187.61. The stock has a market capitalization of $31.53 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth 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 announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share 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 net margin of 11.10% and a return on equity of 13.93%. The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the company earned $4.82 earnings per share. As a group, analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s payout ratio is presently 13.95%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered Lennar from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $152.00 to $141.00 in a report on Tuesday. Wells Fargo & Company cut their price target on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. UBS Group cut their price target on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Barclays cut their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $163.19.

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.