OMERS ADMINISTRATION Corp Decreases Stock Holdings in Lennar Co. (NYSE:LEN)

OMERS ADMINISTRATION Corp cut its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,608 shares of the construction company's stock after selling 3,092 shares during the period. OMERS ADMINISTRATION Corp's holdings in Lennar were worth $1,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LEN. Maven Securities LTD purchased a new stake in Lennar during the fourth quarter valued at approximately $1,005,000. Lazard Asset Management LLC increased its stake in Lennar by 100.3% in the fourth quarter. Lazard Asset Management LLC now owns 30,435 shares of the construction company's stock worth $4,150,000 after purchasing an additional 15,241 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Lennar during the fourth quarter valued at $612,000. Graham Capital Management L.P. grew its holdings in shares of Lennar by 116.8% in the fourth quarter. Graham Capital Management L.P. now owns 3,664 shares of the construction company's stock worth $500,000 after purchasing an additional 1,974 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Lennar by 29.3% during the 4th quarter. Focus Partners Wealth now owns 4,274 shares of the construction company's stock valued at $604,000 after buying an additional 969 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Stock Performance

Shares of Lennar stock traded down $1.85 on Tuesday, reaching $109.32. 2,344,903 shares of the stock were exchanged, compared to its average volume of 2,614,020. 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 twelve month low of $98.42 and a twelve month high of $187.61. The firm has a market capitalization of $28.84 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 1.24 and a beta of 1.41. The business has a 50 day moving average price of $110.54 and a two-hundred day moving average price of $131.65.

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

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.83%. The ex-dividend date was Wednesday, April 23rd. Lennar's dividend payout ratio is currently 14.57%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LEN. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group reduced their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Bank of America reduced their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Keefe, Bruyette & Woods dropped their target price on Lennar from $141.00 to $128.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 25th. Finally, Royal Bank of Canada dropped their target price on Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research report on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $150.07.

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.