38,718 Shares in Lennar Co. (NYSE:LEN) Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC purchased a new position in shares of Lennar Co. (NYSE:LEN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,718 shares of the construction company's stock, valued at approximately $4,444,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Hurley Capital LLC acquired a new stake in Lennar during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Lennar during the fourth quarter worth $28,000. Ameriflex Group Inc. acquired a new stake in shares of Lennar in the fourth quarter valued at $30,000. NBC Securities Inc. bought a new position in shares of Lennar in the first quarter valued at about $33,000. Finally, Franchise Capital Ltd bought a new stake in Lennar during the 1st quarter worth about $38,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LEN shares. UBS Group reduced their target price on shares of Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada reduced their price objective on Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a report on Monday, March 24th. Wells Fargo & Company lowered their target price on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Wedbush reaffirmed a "neutral" rating and set a $158.00 price target on shares of Lennar in a research note on Monday, March 17th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $131.00 price objective (down from $159.00) on shares of Lennar in a research report on Monday, March 24th. Fifteen equities 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $150.07.

Lennar Stock Performance

LEN stock opened at $108.51 on Friday. Lennar Co. has a 1-year low of $98.42 and a 1-year high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The firm has a market cap of $28.62 billion, a PE ratio of 7.57, a P/E/G ratio of 1.24 and a beta of 1.41. The business's 50-day moving average price is $107.63 and its two-hundred day moving average price is $125.77.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.57 EPS. As a group, research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.50 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.84%. Lennar's dividend payout ratio is currently 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.

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