Lennar Co. (NYSE:LEN) Shares Purchased by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services increased its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,115 shares of the construction company's stock after purchasing an additional 6,636 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in Lennar were worth $2,768,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Lennar during the 4th quarter worth $218,533,000. Wellington Management Group LLP increased its holdings 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 in the last quarter. D1 Capital Partners L.P. raised its position in Lennar by 67.3% during the fourth quarter. D1 Capital Partners L.P. now owns 672,433 shares of the construction company's stock worth $88,116,000 after acquiring an additional 270,433 shares during the last quarter. Man Group plc lifted its holdings in shares of Lennar by 112.5% in the fourth quarter. Man Group plc now owns 506,722 shares of the construction company's stock valued at $69,102,000 after purchasing an additional 268,209 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Lennar by 3.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company's stock valued at $834,115,000 after purchasing an additional 213,003 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Trading Down 3.2%

Shares of LEN traded down $3.63 during mid-day trading on Friday, reaching $108.52. The company had a trading volume of 3,318,818 shares, compared to its average volume of 2,648,223. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The firm has a fifty day simple moving average of $107.74 and a 200-day simple moving average of $124.43. The stock has a market cap of $28.63 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. 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 (NYSE:LEN - Get Free Report) last issued its earnings results 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 firm 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%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 earnings per share. On average, sell-side analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. Lennar's dividend payout ratio (DPR) is 14.57%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays reduced their target price on Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, March 24th. Bank of America dropped their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wall Street Zen raised shares of Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. 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 research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lennar presently has an average rating of "Hold" and an average target price of $150.07.

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.