Man Group plc Has $69.10 Million Stake in Lennar Co. (NYSE:LEN)

Man Group plc boosted its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 112.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 506,722 shares of the construction company's stock after buying an additional 268,209 shares during the quarter. Man Group plc owned about 0.19% of Lennar worth $69,102,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LEN. Czech National Bank boosted its holdings in Lennar by 5.2% during the fourth quarter. Czech National Bank now owns 51,779 shares of the construction company's stock valued at $7,061,000 after acquiring an additional 2,542 shares during the period. FNY Investment Advisers LLC boosted its holdings in Lennar by 220.6% during the fourth quarter. FNY Investment Advisers LLC now owns 1,090 shares of the construction company's stock valued at $148,000 after acquiring an additional 750 shares during the period. Accurate Wealth Management LLC boosted its holdings in Lennar by 80.6% during the fourth quarter. Accurate Wealth Management LLC now owns 4,806 shares of the construction company's stock valued at $623,000 after acquiring an additional 2,145 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Lennar by 4.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 226,081 shares of the construction company's stock valued at $30,831,000 after acquiring an additional 9,714 shares during the period. Finally, Wolff Wiese Magana LLC boosted its holdings in Lennar by 51.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after acquiring an additional 79 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LEN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a report on Tuesday, March 25th. StockNews.com 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 target price on shares of Lennar in a research note on Monday, March 17th. UBS Group reduced their target price on shares of Lennar from $183.00 to $164.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, Wells Fargo & Company reduced their target price on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Stock Performance

NYSE:LEN opened at $108.69 on Thursday. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $28.67 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The firm has a 50-day moving average price of $111.19 and a 200 day moving average price of $133.44.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings results 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. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the prior year, the business posted $2.57 earnings per share. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Wednesday, April 23rd. Lennar's payout ratio is 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.

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