Mufg Securities Americas Inc. Takes $481,000 Position in Lennar Co. (NYSE:LEN)

Mufg Securities Americas Inc. acquired a new stake in shares of Lennar Co. (NYSE:LEN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 3,526 shares of the construction company's stock, valued at approximately $481,000.

Other large investors also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. lifted its stake in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Howard Capital Management Inc. raised its position in Lennar by 0.3% in the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after purchasing an additional 81 shares during the period. Premier Path Wealth Partners LLC grew its stake in Lennar by 2.1% during the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after purchasing an additional 87 shares in the last quarter. Greenleaf Trust boosted its position in shares of Lennar by 1.9% in the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after purchasing an additional 95 shares during the period. Finally, Lake Street Advisors Group LLC increased 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 valued at $436,000 after purchasing an additional 96 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

Shares of Lennar stock traded down $0.80 during trading hours on Monday, hitting $111.06. The company's stock had a trading volume of 2,427,703 shares, compared to its average volume of 2,615,099. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61. 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 business has a 50 day moving average price of $110.70 and a two-hundred day moving average price of $132.06. The company has a market cap of $29.30 billion, a PE ratio of 7.74, a PEG ratio of 1.24 and a beta of 1.41.

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

Lennar Announces Dividend

The firm also recently disclosed 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 yield of 1.80%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lennar's dividend payout ratio is presently 14.57%.

Analysts Set New Price Targets

A number of brokerages have recently commented on LEN. StockNews.com upgraded shares of Lennar from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Barclays cut their price objective on shares of Lennar from $121.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, March 24th. Wedbush reiterated a "neutral" rating and issued a $158.00 price target on shares of Lennar in a research report on Monday, March 17th. Evercore ISI reiterated an "in-line" rating and issued a $131.00 target price (down previously from $159.00) on shares of Lennar in a report on Monday, March 24th. Finally, Keefe, Bruyette & Woods decreased their target price on Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research report on Tuesday, March 25th. Fifteen equities 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 currently has a consensus rating of "Hold" and a consensus 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.