Twinbeech Capital LP Buys New Shares in Lennar Co. (NYSE:LEN)

Twinbeech Capital LP bought a new position in Lennar Co. (NYSE:LEN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 179,357 shares of the construction company's stock, valued at approximately $24,459,000. Twinbeech Capital LP owned approximately 0.07% of Lennar as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Crews Bank & Trust acquired a new stake in Lennar in the 4th quarter worth $25,000. Hurley Capital LLC acquired a new position in shares of Lennar in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new position in Lennar during the fourth quarter worth $28,000. Itau Unibanco Holding S.A. raised its position in Lennar by 611.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 299 shares of the construction company's stock worth $41,000 after acquiring an additional 257 shares in the last quarter. Finally, Mizuho Bank Ltd. bought a new stake in Lennar during the fourth quarter worth $42,000. Institutional investors own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LEN shares. The Goldman Sachs Group reduced their price objective on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Barclays reduced their price target on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, March 24th. Royal Bank of Canada reduced their target price on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a research note on Monday, March 24th. Finally, StockNews.com upgraded Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Fifteen 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $150.07.

Lennar Trading Up 1.4%

Lennar stock opened at $111.67 on Monday. The stock has a 50-day moving average of $110.70 and a two-hundred day moving average of $132.06. 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 cap of $29.46 billion, a PE ratio of 7.79, a price-to-earnings-growth 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 $187.61.

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

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $0.50 dividend. 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 1.79%. Lennar's payout ratio is presently 14.57%.

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.

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