Brevan Howard Capital Management LP Has $2.30 Million Position in Lennar Co. (NYSE:LEN)

Brevan Howard Capital Management LP raised its stake in Lennar Co. (NYSE:LEN - Free Report) by 37.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,840 shares of the construction company's stock after acquiring an additional 4,621 shares during the period. Brevan Howard Capital Management LP's holdings in Lennar were worth $2,296,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bridgefront Capital LLC boosted its stake in Lennar by 172.2% in the fourth quarter. Bridgefront Capital LLC now owns 9,457 shares of the construction company's stock worth $1,290,000 after purchasing an additional 5,983 shares in the last quarter. Captrust Financial Advisors lifted its position in Lennar by 28.1% during the 4th quarter. Captrust Financial Advisors now owns 6,311 shares of the construction company's stock worth $861,000 after buying an additional 1,386 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Lennar in the 4th quarter valued at about $218,533,000. Caxton Associates LP raised its stake in shares of Lennar by 20.7% in the fourth quarter. Caxton Associates LP now owns 11,275 shares of the construction company's stock worth $1,538,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Lennar by 8.0% during the fourth quarter. Baird Financial Group Inc. now owns 41,358 shares of the construction company's stock valued at $5,640,000 after purchasing an additional 3,080 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Down 0.8 %

Lennar stock traded down $0.92 during midday trading on Friday, reaching $108.65. The stock had a trading volume of 1,919,994 shares, compared to its average volume of 2,587,476. 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 firm's fifty day simple moving average is $112.00 and its 200-day simple moving average is $134.74. The stock has a market capitalization of $28.66 billion, a P/E ratio of 7.58, 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 data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the previous year, the firm posted $2.57 earnings per share. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts expect that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Wednesday, April 23rd. Lennar's dividend payout ratio is currently 14.57%.

Analysts Set New Price Targets

LEN has been the subject of a number of research reports. The Goldman Sachs Group lowered their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods reduced their price objective on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 25th. Bank of America cut their price target on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Finally, UBS Group decreased their price objective on Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Fifteen investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $150.07.

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.