Brooklyn FI LLC Buys New Position in Lennar Co. (NYSE:LEN)

Brooklyn FI LLC bought a new stake in shares of Lennar Co. (NYSE:LEN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,096 shares of the construction company's stock, valued at approximately $559,000.

Several other institutional investors have also recently made changes to their positions in LEN. Crews Bank & Trust bought a new position in shares of Lennar in the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new position in Lennar in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar during the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new position in shares of Lennar in the fourth quarter worth $30,000. Finally, Itau Unibanco Holding S.A. raised its position in shares of Lennar by 611.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 299 shares of the construction company's stock worth $41,000 after buying an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Trading Down 0.1%

Shares of NYSE:LEN traded down $0.09 on Friday, reaching $105.98. 3,356,757 shares of the company traded hands, compared to its average volume of 2,638,163. The stock has a market capitalization of $27.96 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The business's 50-day simple moving average is $108.64 and its 200 day simple moving average is $128.56. 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 52 week low of $98.42 and a 52 week high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $2.57 EPS. As a group, equities analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, April 23rd. Lennar's payout ratio is 14.57%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LEN. Evercore ISI restated an "in-line" rating and issued a $131.00 target price (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. Wedbush reaffirmed a "neutral" rating and issued a $158.00 target price on shares of Lennar in a research note on Monday, March 17th. Wall Street Zen raised shares of Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, 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. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.