7,368 Shares in Lennar Co. (NYSE:LEN) Acquired by Maven Securities LTD

Maven Securities LTD purchased a new stake in Lennar Co. (NYSE:LEN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,368 shares of the construction company's stock, valued at approximately $1,005,000.

Several other large investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. boosted its holdings in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after buying an additional 75 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock worth $32,000 after acquiring an additional 79 shares during the last quarter. Howard Capital Management Inc. grew its holdings in shares of Lennar by 0.3% in the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after acquiring an additional 81 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in shares of Lennar by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after acquiring an additional 87 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Lennar by 1.9% in the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock worth $712,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Down 0.7%

LEN stock traded down $0.74 during trading on Monday, hitting $111.13. 805,169 shares of the company's stock traded hands, compared to its average volume of 3,175,658. The business has a fifty day simple moving average of $110.70 and a two-hundred day simple moving average of $132.06. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $193.80. The firm has a market capitalization of $29.31 billion, a P/E ratio of 7.75, a PEG ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results 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. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.57 earnings per share. Sell-side analysts anticipate that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared 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 was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.80%. Lennar's dividend payout ratio (DPR) is 14.57%.

Wall Street Analyst Weigh In

LEN has been the topic of a number of recent research reports. Wedbush restated a "neutral" rating and issued a $158.00 target price on shares of Lennar in a report on Monday, March 17th. StockNews.com upgraded Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. The Goldman Sachs Group lowered their price target on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Seaport Res Ptn raised Lennar from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada reduced their price objective on 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lennar presently has an average rating of "Hold" and an average price target of $150.07.

Lennar Company 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.