41,140 Shares in Lennar Co. (NYSE:LEN) Purchased by Duality Advisers LP

Duality Advisers LP acquired a new position in Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,140 shares of the construction company's stock, valued at approximately $6,132,000. Lennar comprises about 0.6% of Duality Advisers LP's portfolio, making the stock its 12th biggest position.

Other large investors also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position 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 last quarter. Assenagon Asset Management S.A. lifted its position in Lennar by 6,297.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 662,277 shares of the construction company's stock valued at $98,706,000 after purchasing an additional 651,924 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Lennar by 47.6% during the third quarter. AQR Capital Management LLC now owns 1,501,257 shares of the construction company's stock valued at $168,486,000 after purchasing an additional 484,056 shares during the period. Duquesne Family Office LLC purchased a new stake in shares of Lennar during the fourth quarter valued at approximately $39,991,000. Finally, Nomura Holdings Inc. boosted its stake in shares of Lennar by 236.0% during the first quarter. Nomura Holdings Inc. now owns 229,341 shares of the construction company's stock valued at $24,106,000 after purchasing an additional 397,951 shares during the period. Hedge funds and other institutional investors own 81.10% of the company's stock.

Insider Transactions at Lennar

In other Lennar news, Director Amy Banse acquired 1,575 shares of the company's stock in a transaction that occurred on Wednesday, April 10th. The stock was bought at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the acquisition, the director now directly owns 11,859 shares in the company, valued at $1,861,863. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.36% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on LEN shares. Evercore ISI upped their target price on Lennar from $224.00 to $238.00 and gave the company an "outperform" rating in a report on Friday, March 15th. UBS Group increased their price objective on Lennar from $190.00 to $198.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Wedbush restated an "underperform" rating and set a $144.00 price target on shares of Lennar in a report on Tuesday, April 2nd. Wells Fargo & Company raised their price target on Lennar from $165.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, March 15th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $170.00 price objective on shares of Lennar in a research report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Lennar has a consensus rating of "Moderate Buy" and an average price target of $163.88.

Lennar Price Performance

NYSE:LEN traded down $2.30 during trading hours on Friday, reaching $150.19. The stock had a trading volume of 2,451,601 shares, compared to its average volume of 1,967,259. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $172.59. The company has a 50 day moving average price of $159.57 and a two-hundred day moving average price of $142.78. The stock has a market capitalization of $41.80 billion, a PE ratio of 10.52, a PEG ratio of 1.40 and a beta of 1.53.

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

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, April 23rd. Lennar's dividend payout ratio (DPR) is 14.02%.

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.

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