Lennar Corporation (NYSE:LEN) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in Lennar Corporation (NYSE:LEN - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,259 shares of the construction company's stock after purchasing an additional 7,838 shares during the period. Asset Management One Co. Ltd.'s holdings in Lennar were worth $11,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Lennar by 3.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock valued at $834,115,000 after acquiring an additional 213,003 shares during the period. Wellington Management Group LLP lifted its stake in Lennar by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after acquiring an additional 515,378 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Lennar during the 4th quarter valued at approximately $218,533,000. Eminence Capital LP lifted its stake in Lennar by 43.4% during the 4th quarter. Eminence Capital LP now owns 685,225 shares of the construction company's stock valued at $93,444,000 after acquiring an additional 207,343 shares during the period. Finally, D1 Capital Partners L.P. lifted its stake in Lennar by 67.3% during the 4th quarter. D1 Capital Partners L.P. now owns 672,433 shares of the construction company's stock valued at $88,116,000 after acquiring an additional 270,433 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Price Performance

NYSE LEN traded up $0.53 on Friday, hitting $110.34. The company had a trading volume of 4,287,289 shares, compared to its average volume of 2,682,686. The company has a market capitalization of $29.11 billion, a PE ratio of 9.13, a PEG ratio of 4.41 and a beta of 1.33. The company's fifty day moving average price is $108.26 and its 200-day moving average price is $120.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.49. Lennar Corporation has a 12-month low of $98.42 and a 12-month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last announced its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same period last year, the firm earned $3.45 EPS. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, analysts predict that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.00 annualized dividend and a yield of 1.81%. Lennar's dividend payout ratio (DPR) is presently 16.54%.

Wall Street Analyst Weigh In

Several analysts have commented on LEN shares. Bank of America decreased their price objective on shares of Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Evercore ISI cut their target price on shares of Lennar from $131.00 to $114.00 and set an "in-line" rating for the company in a report on Wednesday, June 18th. JMP Securities cut their target price on shares of Lennar from $150.00 to $130.00 and set a "market outperform" rating for the company in a report on Friday, June 20th. Barclays cut their target price on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Finally, UBS Group cut their target price on shares of Lennar from $164.00 to $146.00 and set a "buy" rating for the company in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lennar currently has a consensus rating of "Hold" and an average price target of $132.50.

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.