Lennar Co. (NYSE:LEN) Holdings Raised by Neo Ivy Capital Management

Neo Ivy Capital Management lifted its stake in shares of Lennar Co. (NYSE:LEN) by 276.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,231 shares of the construction company’s stock after purchasing an additional 20,001 shares during the quarter. Neo Ivy Capital Management’s holdings in Lennar were worth $3,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LEN. Crews Bank & Trust bought a new stake in shares of Lennar during the fourth quarter valued at about $25,000. Hurley Capital LLC bought a new stake in Lennar in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. bought a new stake in Lennar in the fourth quarter worth about $28,000. Itau Unibanco Holding S.A. boosted its position in shares of Lennar by 611.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 299 shares of the construction company’s stock valued at $41,000 after purchasing an additional 257 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of Lennar in the 4th quarter worth approximately $42,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Performance

Shares of NYSE LEN opened at $105.24 on Friday. The business’s 50-day moving average price is $109.88 and its two-hundred day moving average price is $130.85. 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 Co. has a one year low of $98.42 and a one year high of $187.61. The company has a market capitalization of $27.76 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating 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 for 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 business’s quarterly 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 company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a $0.50 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.90%. Lennar’s dividend payout ratio (DPR) is currently 14.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group cut their price objective on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Royal Bank of Canada decreased their target price on Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a report on Monday, March 24th. Keefe, Bruyette & Woods decreased their target price on Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a report on Tuesday, March 25th. Seaport Res Ptn upgraded Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Wall Street Zen upgraded Lennar from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Fifteen investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $150.07.

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.