Sender Co & Partners Inc. Takes $580,000 Position in Lennar Co. (NYSE:LEN)

Sender Co & Partners Inc. purchased a new position in shares of Lennar Co. (NYSE:LEN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,250 shares of the construction company's stock, valued at approximately $580,000.

Several other large investors also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. increased its holdings in Lennar by 69.4% during the 4th 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. Howard Capital Management Inc. increased its holdings in shares of Lennar by 0.3% in the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after acquiring an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of Lennar by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after acquiring an additional 87 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Lennar by 1.9% in the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after acquiring an additional 95 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in shares of Lennar by 3.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company's stock valued at $436,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Stock Down 1.7%

Shares of NYSE LEN traded down $1.85 on Tuesday, hitting $109.32. The company had a trading volume of 2,344,903 shares, compared to its average volume of 2,620,578. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61. The business has a 50 day moving average of $110.54 and a two-hundred day moving average of $131.65. 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 firm has a market capitalization of $28.84 billion, a P/E ratio of 7.62, a PEG ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.44 billion. During the same quarter in the prior year, the firm posted $2.57 earnings per share. Lennar's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. Lennar's dividend payout ratio is 14.57%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LEN shares. Keefe, Bruyette & Woods dropped their price target on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 25th. StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Wedbush reissued a "neutral" rating and issued a $158.00 price target on shares of Lennar in a report on Monday, March 17th. The Goldman Sachs Group reduced their price target on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Finally, UBS Group reduced their price target on Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a report on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $150.07.

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.