PFA Pension Forsikringsaktieselskab Invests $11.96 Million in Lennar Corporation $LEN

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position of 115,109 Lennar shares in Q4, worth about $11.96 million, as institutional ownership of the stock sits around 81.1%.
• Lennar missed quarterly expectations, reporting $0.88 EPS versus $0.95 expected and revenue of $6.62 billion (down 13.3% year‑over‑year), signaling weaker near‑term results.
• Analysts have cut targets and ratings recently, leaving a MarketBeat consensus rating of "Reduce" and an average price target of $99.87 after multiple downgrades.

PFA Pension Forsikringsaktieselskab bought a new position in Lennar Corporation (NYSE:LEN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 115,109 shares of the construction company's stock, valued at approximately $11,959,000.

Several other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of Lennar by 19.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 542,190 shares of the construction company's stock worth $55,737,000 after acquiring an additional 88,707 shares in the last quarter. Secured Retirement Advisors LLC boosted its position in Lennar by 7.5% during the 4th quarter. Secured Retirement Advisors LLC now owns 11,854 shares of the construction company's stock valued at $1,219,000 after purchasing an additional 831 shares during the period. Citizens Financial Group Inc. RI boosted its position in Lennar by 4.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 11,022 shares of the construction company's stock valued at $1,133,000 after purchasing an additional 424 shares during the period. Lincluden Management Ltd. boosted its position in Lennar by 5.8% during the 4th quarter. Lincluden Management Ltd. now owns 69,917 shares of the construction company's stock valued at $7,187,000 after purchasing an additional 3,851 shares during the period. Finally, AMG National Trust Bank acquired a new position in Lennar during the 4th quarter valued at approximately $1,957,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Truist Financial reduced their price objective on Lennar from $95.00 to $90.00 and set a "hold" rating for the company in a research report on Tuesday, March 31st. Weiss Ratings lowered Lennar from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 16th. Barclays reduced their price objective on Lennar from $85.00 to $80.00 and set an "underweight" rating for the company in a research report on Wednesday, April 8th. Argus reduced their price target on Lennar from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, April 15th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Lennar in a research report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $99.87.

Lennar Stock Up 0.1%

LEN opened at $88.55 on Monday. Lennar Corporation has a one year low of $83.03 and a one year high of $144.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77. The stock's fifty day moving average is $95.71 and its 200-day moving average is $110.22. The company has a market capitalization of $21.87 billion, a PE ratio of 12.72, a P/E/G ratio of 1.94 and a beta of 1.41.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.07). Lennar had a return on equity of 7.80% and a net margin of 5.39%.The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the prior year, the firm posted $2.14 EPS. The firm's quarterly revenue was down 13.3% on a year-over-year basis. On average, equities analysts predict that Lennar Corporation will post 5.91 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. Lennar's payout ratio is 28.74%.

Lennar Company Profile

Lennar Corporation NYSE: LEN is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.

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