Capital International Inc. CA Boosts Holdings in Lennar Co. (NYSE:LEN)

Capital International Inc. CA grew its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,280 shares of the construction company's stock after purchasing an additional 3,937 shares during the quarter. Capital International Inc. CA's holdings in Lennar were worth $1,947,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Armstrong Advisory Group Inc. boosted its holdings in shares of 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 acquiring an additional 75 shares during the period. Wolff Wiese Magana LLC increased its stake in 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. raised its holdings 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 buying an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in Lennar by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after acquiring an additional 87 shares during the period. Finally, Greenleaf Trust grew its stake in shares of Lennar by 1.9% in the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after purchasing an additional 95 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

LEN stock traded down $1.50 on Friday, reaching $107.72. The company had a trading volume of 2,130,886 shares, compared to its average volume of 2,562,908. 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 company's fifty day moving average is $114.45 and its 200 day moving average is $139.82. The company has a market cap of $28.42 billion, a P/E ratio of 7.51, a PEG ratio of 1.24 and a beta of 1.51. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same quarter last year, the company earned $2.57 earnings per share. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lennar's payout ratio is 14.57%.

Analysts Set New Price Targets

Several equities analysts have issued reports on LEN shares. Evercore ISI reissued an "in-line" rating and issued a $131.00 price objective (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Citigroup dropped their target price on Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods dropped their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a report on Tuesday, March 25th. UBS Group reduced their target price on Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, The Goldman Sachs Group lowered their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Fifteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.