Lennar Co. (NYSE:LEN) Position Increased by Ossiam

Ossiam increased its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 26,953.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,711 shares of the construction company's stock after buying an additional 35,579 shares during the period. Ossiam's holdings in Lennar were worth $4,870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Crews Bank & Trust purchased a new stake in Lennar during the fourth quarter worth about $25,000. Armstrong Advisory Group Inc. increased its stake in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Lennar in the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar in the 4th quarter worth about $28,000. Finally, ORG Wealth Partners LLC bought a new position in Lennar during the fourth quarter valued at approximately $32,000. Institutional investors own 81.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI reissued an "in-line" rating and set a $131.00 price objective (down from $159.00) on shares of Lennar in a research report on Monday, March 24th. Seaport Res Ptn upgraded 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 for the company in a research note on Tuesday, March 25th. Bank of America dropped their price target on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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 analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lennar currently has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar Stock Performance

Shares of LEN traded down $2.26 during trading hours on Friday, reaching $106.96. 663,504 shares of the company's stock traded hands, compared to its average volume of 2,555,907. The firm has a market capitalization of $28.21 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.24 and a beta of 1.51. The business's fifty day simple moving average is $114.74 and its two-hundred day simple moving average is $140.32. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $187.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $7.44 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business's revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $2.57 earnings per share. Analysts predict that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.87%. Lennar's dividend payout ratio (DPR) is 14.57%.

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.