Oxford Asset Management LLP Makes New $667,000 Investment in Lennar Co. (NYSE:LEN)

Oxford Asset Management LLP purchased a new stake in Lennar Co. (NYSE:LEN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,893 shares of the construction company's stock, valued at approximately $667,000.

A number of other large investors also recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its holdings in shares of Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock valued at $446,110,000 after purchasing an additional 589,553 shares in the last quarter. Wellington Management Group LLP raised its holdings in Lennar by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock worth $441,769,000 after acquiring an additional 515,378 shares in the last quarter. Nordea Investment Management AB increased its position in Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock worth $308,696,000 after buying an additional 397,492 shares during the last quarter. D1 Capital Partners L.P. increased its position in Lennar by 67.3% during the fourth quarter. D1 Capital Partners L.P. now owns 672,433 shares of the construction company's stock worth $88,116,000 after buying an additional 270,433 shares during the last quarter. Finally, Cannell & Spears LLC increased its position in Lennar by 1.0% during the fourth quarter. Cannell & Spears LLC now owns 514,970 shares of the construction company's stock worth $70,226,000 after buying an additional 5,311 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Price Performance

NYSE:LEN traded up $0.15 during trading hours on Thursday, reaching $108.76. 764,349 shares of the company were exchanged, compared to its average volume of 2,558,677. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $187.61. The firm has a market cap of $28.69 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The stock's 50-day moving average is $113.65 and its 200-day moving average is $138.35. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

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

Lennar Announces Dividend

The company 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 1.84%. Lennar's dividend payout ratio (DPR) is currently 14.57%.

Analyst Ratings Changes

A number of research analysts have commented on LEN shares. Wedbush reaffirmed a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a report on Monday, March 17th. UBS Group reduced their price objective on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Bank of America dropped their target price on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Wells Fargo & Company lowered their price objective on Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Royal Bank of Canada decreased their target price on Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a research note on Monday, March 24th. Fifteen investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $150.07.

Lennar 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.