Banco Bilbao Vizcaya Argentaria S.A. Purchases 18,451 Shares of Lennar Co. (NYSE:LEN)

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,619 shares of the construction company's stock after buying an additional 18,451 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned 0.08% of Lennar worth $30,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Armstrong Advisory Group Inc. raised its stake in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 75 shares during the period. Wolff Wiese Magana LLC raised its position in shares of Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after purchasing an additional 79 shares during the period. Howard Capital Management Inc. grew its position in shares of Lennar by 0.3% in the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after purchasing an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of Lennar by 2.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after purchasing an additional 87 shares during the period. Finally, Greenleaf Trust lifted its holdings in Lennar by 1.9% during the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Analysts Set New Price Targets

LEN has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Evercore ISI restated an "in-line" rating and issued a $131.00 price target (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Royal Bank of Canada decreased their target price on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Monday, March 24th. The Goldman Sachs Group decreased their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Finally, Wedbush reaffirmed a "neutral" rating and set a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Fifteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $150.07.

Lennar Stock Performance

Shares of LEN traded down $1.19 during mid-day trading on Tuesday, hitting $106.97. 677,200 shares of the company traded hands, compared to its average volume of 2,557,409. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The stock has a 50-day moving average price of $114.19 and a two-hundred day moving average price of $138.77. The stock has a market cap of $28.22 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 1.24 and a beta of 1.51.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.44 billion. During the same period in the prior year, the firm earned $2.57 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.87%. Lennar's payout ratio is currently 14.57%.

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.