E. Ohman J or Asset Management AB Buys New Holdings in Lennar Corporation $LEN

E. Ohman J or Asset Management AB purchased a new position in shares of Lennar Corporation (NYSE:LEN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,806 shares of the construction company’s stock, valued at approximately $597,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Guerra Advisors Inc acquired a new stake in shares of Lennar in the third quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in Lennar in the 3rd quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new stake in Lennar during the 3rd quarter valued at $26,000. Rexford Capital Inc. bought a new position in Lennar during the second quarter worth $36,000. Finally, Washington Trust Advisors Inc. boosted its position in Lennar by 102.7% during the third quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock worth $47,000 after purchasing an additional 188 shares during the period. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of Lennar stock opened at $92.03 on Thursday. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The company has a market cap of $22.73 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.96 and a beta of 1.43. The company has a 50 day moving average of $109.31 and a 200-day moving average of $117.32. Lennar Corporation has a 1-year low of $89.63 and a 1-year high of $144.24.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same period last year, the business earned $2.14 earnings per share. The business’s revenue was down 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 4th were paid a $0.50 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. Lennar’s dividend payout ratio (DPR) is presently 28.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Royal Bank Of Canada set a $88.00 price target on shares of Lennar in a research note on Friday, January 9th. The Goldman Sachs Group cut their price objective on shares of Lennar from $125.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. Keefe, Bruyette & Woods reduced their price objective on Lennar from $115.00 to $105.00 and set a “market perform” rating for the company in a report on Wednesday, March 18th. Finally, BTIG Research set a $90.00 target price on Lennar in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $102.07.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.