Bayview Asset Management LLC Takes Position in Lennar Co. (NYSE:LEN)

Bayview Asset Management LLC bought a new position in Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 9,091 shares of the construction company's stock, valued at approximately $1,240,000. Lennar makes up approximately 1.0% of Bayview Asset Management LLC's portfolio, making the stock its 8th largest holding.

Several other hedge funds also recently made changes to their positions in LEN. Armstrong Advisory Group Inc. raised its stake in Lennar by 69.4% during 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 last quarter. Crews Bank & Trust purchased a new stake in shares of Lennar during the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in Lennar during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Lennar in the 4th quarter worth $28,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Lennar in the fourth quarter worth $32,000. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods reduced their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a report on Tuesday, March 25th. Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. UBS Group dropped their target price on shares of Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Barclays lowered their price target on Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, March 24th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a report on Monday, March 17th. Fifteen equities 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Price Performance

LEN stock traded down $2.98 during midday trading on Tuesday, hitting $106.23. The company's stock had a trading volume of 2,652,575 shares, compared to its average volume of 2,575,789. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $187.61. The company has a 50 day moving average of $112.61 and a two-hundred day moving average of $135.87. 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 $28.02 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same period in the prior year, the company earned $2.57 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. On average, analysts expect that Lennar Co. will post 12.48 EPS 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 of this dividend is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.88%. Lennar's payout ratio is currently 14.57%.

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.