Centiva Capital LP Purchases 6,939 Shares of Lennar Co. (NYSE:LEN)

Centiva Capital LP increased its position in Lennar Co. (NYSE:LEN - Free Report) by 29.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,607 shares of the construction company's stock after acquiring an additional 6,939 shares during the period. Centiva Capital LP's holdings in Lennar were worth $4,174,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Crews Bank & Trust purchased a new stake in shares of Lennar in the 4th quarter worth $25,000. Armstrong Advisory Group Inc. grew its holdings 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 purchasing an additional 75 shares during the period. Hurley Capital LLC bought a new position in shares of Lennar in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar during the 4th quarter valued at about $28,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Lennar during the 4th quarter valued at approximately $32,000. Institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LEN shares. StockNews.com raised shares of Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Citigroup dropped their target price on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Evercore ISI reissued an "in-line" rating and set a $131.00 price target (down from $159.00) on shares of Lennar in a report on Monday, March 24th. The Goldman Sachs Group dropped their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Finally, UBS Group lowered their price target on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Fifteen investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $150.07.

Lennar Stock Down 1.0 %

Shares of NYSE LEN opened at $109.11 on Tuesday. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61. The firm's 50-day moving average price is $112.89 and its 200-day moving average price is $136.08. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of 7.61, a P/E/G ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.57 earnings per share. On average, equities research analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company 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. This represents a $2.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lennar's payout ratio is 14.57%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.