Neo Ivy Capital Management Has $3.71 Million Stake in Lennar Co. (NYSE:LEN)

Neo Ivy Capital Management raised its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 276.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,231 shares of the construction company's stock after acquiring an additional 20,001 shares during the period. Neo Ivy Capital Management's holdings in Lennar were worth $3,713,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Howard Capital Management Inc. lifted its holdings in shares of Lennar by 0.3% during the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after acquiring an additional 81 shares during the period. Greenleaf Trust grew its holdings in Lennar by 1.9% during the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after purchasing an additional 95 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in Lennar by 3.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company's stock worth $436,000 after buying an additional 96 shares in the last quarter. Horizon Investments LLC grew its stake in shares of Lennar by 2.1% during the fourth quarter. Horizon Investments LLC now owns 4,818 shares of the construction company's stock valued at $629,000 after acquiring an additional 98 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of Lennar by 9.1% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,200 shares of the construction company's stock worth $164,000 after acquiring an additional 100 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LEN shares. Wall Street Zen upgraded Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Wedbush reaffirmed a "neutral" rating and issued a $158.00 price target on shares of Lennar in a report on Monday, March 17th. The Goldman Sachs Group dropped their target price on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Royal Bank of Canada reduced their price target 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. Finally, UBS Group cut their price objective on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $150.07.

Lennar Price Performance

Shares of NYSE LEN traded down $2.32 during mid-day trading on Wednesday, reaching $105.77. 740,122 shares of the company traded hands, compared to its average volume of 2,622,296. The firm has a market cap of $27.90 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The stock has a fifty day simple moving average of $109.07 and a 200-day simple moving average of $129.18.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter in the previous year, the business earned $2.57 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors 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 1.89%. The ex-dividend date was Wednesday, April 23rd. Lennar's payout ratio is 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.