Two Sigma Advisers LP Boosts Stock Position in Lennar Co. (NYSE:LEN)

Two Sigma Advisers LP boosted its stake in Lennar Co. (NYSE:LEN - Free Report) by 1,163.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,820 shares of the construction company's stock after purchasing an additional 113,100 shares during the quarter. Two Sigma Advisers LP's holdings in Lennar were worth $16,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of LEN. Howard Capital Management Inc. boosted its position in Lennar by 0.3% during the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after buying an additional 81 shares during the period. Greenleaf Trust grew its holdings in shares of Lennar by 1.9% in the fourth quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after purchasing an additional 95 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Lennar by 3.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company's stock worth $436,000 after purchasing an additional 96 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of Lennar by 2.1% in the fourth quarter. Horizon Investments LLC now owns 4,818 shares of the construction company's stock worth $629,000 after purchasing an additional 98 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Lennar by 2.0% in the fourth quarter. HB Wealth Management LLC now owns 5,121 shares of the construction company's stock worth $698,000 after purchasing an additional 99 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Performance

Lennar stock traded up $1.94 during midday trading on Tuesday, hitting $107.12. The stock had a trading volume of 360,468 shares, compared to its average volume of 2,624,198. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 52-week low of $98.42 and a 52-week high of $187.61. The firm's fifty day moving average is $109.30 and its two-hundred day moving average is $129.33. The company has a market capitalization of $28.26 billion, a PE ratio of 7.48, a P/E/G 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. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same period last year, the firm posted $2.57 EPS. The company's revenue was up 4.4% on a year-over-year basis. On average, research analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, April 23rd. Lennar's dividend payout ratio (DPR) is presently 14.57%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LEN shares. Keefe, Bruyette & Woods cut their target price on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a report on Tuesday, March 25th. Evercore ISI reiterated an "in-line" rating and issued a $131.00 price target (down previously 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. Wedbush reiterated a "neutral" rating and issued a $158.00 price target on shares of Lennar in a report on Monday, March 17th. Finally, Seaport Res Ptn upgraded shares of Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Fifteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company 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.