Lennar Co. (NYSE:LEN) Stock Position Lessened by AM Squared Ltd

AM Squared Ltd lowered its stake in shares of Lennar Co. (NYSE:LEN - Free Report) by 90.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,300 shares of the construction company's stock after selling 29,900 shares during the quarter. Lennar comprises approximately 1.0% of AM Squared Ltd's investment portfolio, making the stock its 10th largest holding. AM Squared Ltd's holdings in Lennar were worth $492,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LEN. The Manufacturers Life Insurance Company increased its holdings in Lennar by 5.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,544,345 shares of the construction company's stock worth $734,477,000 after buying an additional 366,983 shares during the period. Pacer Advisors Inc. increased its holdings in Lennar by 3.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,681,233 shares of the construction company's stock worth $399,611,000 after buying an additional 79,217 shares during the period. First Trust Advisors LP increased its holdings in Lennar by 551.1% in the 1st quarter. First Trust Advisors LP now owns 1,824,684 shares of the construction company's stock worth $191,793,000 after buying an additional 1,544,432 shares during the period. Nordea Investment Management AB increased its holdings in Lennar by 4.4% in the 4th quarter. Nordea Investment Management AB now owns 1,700,016 shares of the construction company's stock worth $253,319,000 after buying an additional 72,146 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Lennar by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,542,363 shares of the construction company's stock worth $173,099,000 after buying an additional 6,803 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Insider Buying and Selling at Lennar

In other news, Director Amy Banse acquired 1,575 shares of the firm's stock in a transaction on Wednesday, April 10th. The shares were bought at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the acquisition, the director now owns 11,859 shares of the company's stock, valued at approximately $1,861,863. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wedbush reiterated an "underperform" rating and issued a $144.00 price target on shares of Lennar in a report on Tuesday, April 2nd. Barclays upped their price objective on Lennar from $173.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, March 15th. JPMorgan Chase & Co. lowered their price objective on Lennar from $161.00 to $157.00 and set a "neutral" rating on the stock in a research report on Monday, March 18th. JMP Securities restated a "market outperform" rating and issued a $170.00 price objective on shares of Lennar in a research report on Friday, March 15th. Finally, Citigroup upped their price objective on Lennar from $179.00 to $198.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Lennar presently has a consensus rating of "Moderate Buy" and an average target price of $163.88.

Lennar Price Performance

Shares of NYSE:LEN traded down $0.70 during midday trading on Wednesday, reaching $151.88. 1,466,944 shares of the company's stock traded hands, compared to its average volume of 2,116,577. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $172.59. The company has a market cap of $42.27 billion, a P/E ratio of 10.64, a PEG ratio of 1.46 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. The company has a fifty day simple moving average of $159.64 and a two-hundred day simple moving average of $141.96.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The construction company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.36. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.12 EPS. Equities analysts predict that Lennar Co. will post 14.46 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. Lennar's payout ratio is currently 14.02%.

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.