32,458 Shares in Lennar Co. (NYSE:LEN) Bought by Sagefield Capital LP

Sagefield Capital LP acquired a new position in shares of Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,458 shares of the construction company's stock, valued at approximately $4,426,000.

Several other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of Lennar by 4.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 226,081 shares of the construction company's stock worth $30,831,000 after purchasing an additional 9,714 shares during the period. Burney Co. increased its holdings in shares of Lennar by 7.1% during the fourth quarter. Burney Co. now owns 12,738 shares of the construction company's stock worth $1,737,000 after purchasing an additional 845 shares during the period. Armstrong Advisory Group Inc. increased its holdings in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 75 shares during the period. USA Financial Formulas bought a new position in shares of Lennar during the fourth quarter worth approximately $59,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Lennar by 6.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,484 shares of the construction company's stock worth $2,793,000 after purchasing an additional 1,268 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEN has been the topic of several analyst reports. Wedbush reiterated a "neutral" rating and set a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Keefe, Bruyette & Woods cut their target price on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Bank of America cut their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Finally, Royal Bank of Canada cut their price target on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a report on Monday, March 24th. Fifteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Trading Up 1.4%

Shares of NYSE LEN opened at $111.67 on Friday. The stock has a market cap of $29.46 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. 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 Co. has a 1 year low of $98.42 and a 1 year high of $187.61. The firm has a 50-day moving average of $110.70 and a 200 day moving average of $132.59.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $2.57 EPS. As a group, sell-side analysts expect that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.79%. Lennar's dividend payout ratio is presently 14.57%.

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.

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