Sophron Capital Management L.P. Acquires New Holdings in Lennar Co. (NYSE:LEN)

Sophron Capital Management L.P. acquired a new stake in shares of Lennar Co. (NYSE:LEN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,130 shares of the construction company's stock, valued at approximately $5,336,000. Lennar comprises approximately 2.1% of Sophron Capital Management L.P.'s portfolio, making the stock its 19th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Lennar during the fourth quarter worth about $218,533,000. Pacer Advisors Inc. grew its stake in Lennar by 22.0% in the 4th 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. Wellington Management Group LLP raised its holdings in Lennar by 18.9% in 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 during the last quarter. D1 Capital Partners L.P. lifted its stake in shares of Lennar by 67.3% during the 4th quarter. D1 Capital Partners L.P. now owns 672,433 shares of the construction company's stock worth $88,116,000 after purchasing an additional 270,433 shares during the period. Finally, Man Group plc boosted its holdings in shares of Lennar by 112.5% during the fourth quarter. Man Group plc now owns 506,722 shares of the construction company's stock worth $69,102,000 after purchasing an additional 268,209 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Ratings Changes

LEN has been the topic of several recent analyst reports. Bank of America reduced their target price on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Evercore ISI reiterated an "in-line" rating and set a $131.00 price objective (down from $159.00) on shares of Lennar in a report on Monday, March 24th. Wall Street Zen upgraded shares of Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Royal Bank of Canada decreased their price target on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a report on Monday, March 24th. Finally, Wedbush restated a "neutral" rating and set a $158.00 price objective on shares of Lennar in a report on Monday, March 17th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $150.07.

Lennar Stock Down 0.2%

Shares of LEN stock traded down $0.18 during trading hours on Friday, hitting $105.12. 2,072,547 shares of the company were exchanged, compared to its average volume of 3,150,883. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The stock has a market capitalization of $27.73 billion, a price-to-earnings ratio of 7.33, a P/E/G ratio of 1.24 and a beta of 1.41. Lennar Co. has a one year low of $98.42 and a one year high of $193.80. The business's 50-day simple moving average is $109.88 and its two-hundred day simple moving average is $130.85.

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, topping the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $2.57 earnings per share. Sell-side analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is presently 14.57%.

Lennar 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.