Caisse DE Depot ET Placement DU Quebec Has $181.34 Million Position in Lennar Co. (NYSE:LEN)

Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,329,728 shares of the construction company's stock after selling 27,217 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.50% of Lennar worth $181,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC increased its position in Lennar by 22.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 165,440 shares of the construction company's stock valued at $22,561,000 after acquiring an additional 30,292 shares in the last quarter. Lido Advisors LLC boosted its holdings in Lennar by 113.2% during the fourth quarter. Lido Advisors LLC now owns 13,105 shares of the construction company's stock worth $1,787,000 after buying an additional 6,959 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Lennar by 3.6% during the 4th 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 during the period. Optiver Holding B.V. acquired a new stake in shares of Lennar in the 4th quarter valued at approximately $109,000. Finally, Oxford Asset Management LLP bought a new position in Lennar during the 4th quarter worth approximately $667,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LEN has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research report on Monday, March 24th. Wedbush reissued a "neutral" rating and issued a $158.00 target price on shares of Lennar in a research note on Monday, March 17th. Wells Fargo & Company dropped their price target on Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Citigroup decreased their price objective on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Finally, Evercore ISI reissued an "in-line" rating and set a $131.00 target price (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lennar has an average rating of "Hold" and an average price target of $150.07.

Lennar Stock Down 2.4 %

NYSE LEN traded down $2.58 during trading hours on Tuesday, hitting $106.63. 1,120,508 shares of the company traded hands, compared to its average volume of 3,236,280. The stock has a market capitalization of $28.13 billion, a price-to-earnings ratio of 7.44, a P/E/G ratio of 1.24 and a beta of 1.41. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $193.80. The business's 50-day moving average is $112.89 and its 200-day moving average is $136.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

Lennar (NYSE:LEN - Get Free Report) last released its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $7.44 billion. During the same period last year, the business earned $2.57 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is presently 14.57%.

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.