Vident Advisory LLC Has $2.47 Million Position in Lennar Co. (NYSE:LEN)

Vident Advisory LLC increased its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 90.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,107 shares of the construction company's stock after buying an additional 8,611 shares during the period. Vident Advisory LLC's holdings in Lennar were worth $2,469,000 as of its most recent filing with the SEC.

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

Lennar Trading Up 1.9%

LEN traded up $1.99 during trading on Tuesday, reaching $107.17. 374,480 shares of the company's stock were exchanged, compared to its average volume of 3,132,247. Lennar Co. has a one year low of $98.42 and a one year high of $193.80. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $28.27 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The firm has a fifty day moving average price of $109.30 and a two-hundred day moving average price of $129.33.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping 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 firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same period in the previous year, the firm posted $2.57 EPS. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wedbush reiterated a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a research note on Monday, March 17th. Bank of America dropped their price objective on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group dropped their target price on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. 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. Finally, Royal Bank of Canada dropped 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 report on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $150.07.

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.