3,847 Shares in Lennar Co. (NYSE:LEN) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,847 shares of the construction company's stock, valued at approximately $524,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empirical Asset Management LLC boosted its holdings in Lennar by 38.2% during the fourth quarter. Empirical Asset Management LLC now owns 3,209 shares of the construction company's stock valued at $438,000 after purchasing an additional 887 shares in the last quarter. Procyon Advisors LLC boosted its stake in Lennar by 3.4% in the 4th quarter. Procyon Advisors LLC now owns 10,040 shares of the construction company's stock valued at $1,369,000 after buying an additional 326 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its position in Lennar by 3.6% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,479 shares of the construction company's stock valued at $2,384,000 after acquiring an additional 600 shares during the period. Merit Financial Group LLC raised its stake in Lennar by 19.3% during the fourth quarter. Merit Financial Group LLC now owns 4,520 shares of the construction company's stock worth $616,000 after acquiring an additional 731 shares in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its holdings in shares of Lennar by 2.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after acquiring an additional 87 shares during the period. 81.10% of the stock is owned by institutional investors.

Lennar Trading Down 0.6%

Shares of NYSE LEN traded down $0.63 during mid-day trading on Friday, hitting $104.66. The company's stock had a trading volume of 420,069 shares, compared to its average volume of 2,617,482. Lennar Co. has a one year low of $98.42 and a one year high of $187.61. The company's fifty day simple moving average is $109.88 and its 200-day simple moving average is $130.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock has a market cap of $27.61 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) 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 net margin of 11.10% and a return on equity of 13.93%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $2.57 earnings per share. On average, sell-side analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. Lennar's dividend payout ratio (DPR) is presently 14.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LEN shares. Keefe, Bruyette & Woods dropped 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 report on Tuesday, March 25th. Barclays cut their target price on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, March 24th. Evercore ISI restated an "in-line" rating and set a $131.00 price target (down from $159.00) on shares of Lennar in a research report on Monday, March 24th. Wedbush reiterated a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a research report on Monday, March 17th. Finally, Wall Street Zen upgraded Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Fifteen research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Lennar 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.