Farringdon Capital Ltd. Invests $1.52 Million in Lennar Co. (NYSE:LEN)

Farringdon Capital Ltd. bought a new stake in Lennar Co. (NYSE:LEN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,115 shares of the construction company's stock, valued at approximately $1,516,000. Lennar comprises 0.6% of Farringdon Capital Ltd.'s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Armstrong Advisory Group Inc. boosted its position in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after buying an additional 75 shares during the period. Wolff Wiese Magana LLC raised its holdings in shares of Lennar by 51.0% in the 4th 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 in the last quarter. Howard Capital Management Inc. grew its stake in shares of Lennar by 0.3% during the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after purchasing an additional 81 shares in the last quarter. Premier Path Wealth Partners LLC increased its holdings in Lennar by 2.1% in the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after buying an additional 87 shares during the last quarter. Finally, Greenleaf Trust lifted its holdings in Lennar by 1.9% during the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, March 24th. Wedbush reissued a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a report on Monday, March 17th. The Goldman Sachs Group reduced their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Royal Bank of Canada lowered their price objective 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. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a report on Tuesday, March 25th. 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 stock. According to MarketBeat.com, Lennar currently has an average rating of "Hold" and an average target price of $150.07.

Lennar Price Performance

Shares of Lennar stock traded up $3.96 during trading on Tuesday, hitting $107.67. 886,617 shares of the company were exchanged, compared to its average volume of 2,549,033. The stock has a market capitalization of $28.40 billion, a price-to-earnings ratio of 7.51, a P/E/G ratio of 1.24 and a beta of 1.51. The firm has a 50 day moving average price of $115.67 and a 200 day moving average price of $141.28. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

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

Lennar Dividend Announcement

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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) 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.