Lennar Co. (NYSE:LEN) Shares Bought by Bridgefront Capital LLC

Bridgefront Capital LLC raised its position in Lennar Co. (NYSE:LEN - Free Report) by 172.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,457 shares of the construction company's stock after purchasing an additional 5,983 shares during the period. Bridgefront Capital LLC's holdings in Lennar were worth $1,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LEN. The Manufacturers Life Insurance Company increased its position in Lennar by 3.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock worth $834,115,000 after buying an additional 213,003 shares in the last quarter. Pacer Advisors Inc. increased its position in Lennar by 22.0% during the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Lennar by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after purchasing an additional 515,378 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Lennar by 21.4% during the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock worth $308,696,000 after purchasing an additional 397,492 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Lennar during the fourth quarter worth about $218,533,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Stock Up 1.6 %

Shares of NYSE:LEN traded up $1.69 during midday trading on Thursday, reaching $109.50. The company had a trading volume of 2,038,344 shares, compared to its average volume of 2,584,427. Lennar Co. has a one year low of $98.42 and a one year high of $187.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock has a market capitalization of $28.89 billion, a P/E ratio of 7.64, a PEG ratio of 1.24 and a beta of 1.41. The stock's fifty day moving average price is $112.37 and its 200-day moving average price is $135.67.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results 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 return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same period last year, the firm earned $2.57 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on LEN shares. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their target price on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. Bank of America dropped their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Finally, StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Fifteen research 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 company. According to data from MarketBeat.com, Lennar currently has a consensus rating of "Hold" and an average 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.