Lennar Co. (NYSE:LEN) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. raised its holdings in Lennar Co. (NYSE:LEN) by 104.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 909 shares of the construction company’s stock after acquiring an additional 464 shares during the period. Rakuten Securities Inc.’s holdings in Lennar were worth $124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LEN. The Manufacturers Life Insurance Company lifted its position in Lennar by 1.3% during the third quarter. The Manufacturers Life Insurance Company now owns 5,903,555 shares of the construction company’s stock worth $1,106,798,000 after buying an additional 73,638 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock worth $446,110,000 after acquiring an additional 589,553 shares during the last quarter. Smead Capital Management Inc. raised its holdings in shares of Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after acquiring an additional 89,896 shares during the period. Nordea Investment Management AB boosted its position in shares of Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after acquiring an additional 397,492 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Lennar by 2.6% in the third quarter. Bamco Inc. NY now owns 711,023 shares of the construction company’s stock valued at $133,303,000 after purchasing an additional 17,834 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

Shares of LEN stock opened at $118.76 on Thursday. Lennar Co. has a 52 week low of $116.67 and a 52 week high of $187.61. The firm has a 50 day moving average of $128.24 and a two-hundred day moving average of $156.40. 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 stock has a market capitalization of $31.53 billion, a PE ratio of 8.28, a P/E/G ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.82 earnings per share. On average, research analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

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

Wall Street Analysts Forecast Growth

LEN has been the topic of several recent analyst reports. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Barclays decreased 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, January 31st. Keefe, Bruyette & Woods cut Lennar from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $152.00 to $141.00 in a research note on Tuesday. UBS Group decreased their price target on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wolfe Research lowered shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $163.19.

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.