11,676 Shares in Lennar Co. (NYSE:LEN) Purchased by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new stake in Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,676 shares of the construction company's stock, valued at approximately $1,592,000.

A number of other hedge funds have also modified their holdings of the business. Pacer Advisors Inc. grew its holdings in Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after acquiring an additional 589,553 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Lennar by 51.8% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,382 shares of the construction company's stock worth $3,597,000 after acquiring an additional 9,000 shares in the last quarter. Swedbank AB raised its stake in shares of Lennar by 1.5% in the 4th quarter. Swedbank AB now owns 167,182 shares of the construction company's stock valued at $22,799,000 after acquiring an additional 2,473 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Lennar by 10.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,377 shares of the construction company's stock valued at $1,006,000 after acquiring an additional 672 shares in the last quarter. Finally, New England Research & Management Inc. boosted its position in Lennar by 115.6% during the 4th quarter. New England Research & Management Inc. now owns 12,827 shares of the construction company's stock worth $1,749,000 after purchasing an additional 6,877 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Stock Up 2.8%

Shares of Lennar stock traded up $2.94 on Tuesday, hitting $108.12. 1,757,732 shares of the company traded hands, compared to its average volume of 2,629,601. The company has a market cap of $28.52 billion, a PE ratio of 7.54, a PEG ratio of 1.24 and a beta of 1.41. Lennar Co. has a 12-month low of $98.42 and a 12-month 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. The company has a 50-day moving average price of $109.30 and a 200 day moving average price of $129.33.

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

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is 14.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LEN shares. Evercore ISI reiterated an "in-line" rating and issued a $131.00 target price (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods decreased their target price on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research note on Tuesday, March 25th. UBS Group lowered their price target on shares of Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Wedbush reissued a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a research report on Monday, March 17th. Fifteen equities research 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, the stock currently has an average rating of "Hold" and a consensus price target of $150.07.

About Lennar

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.