National Pension Service Increases Stock Holdings in Lennar Corporation $LEN

National Pension Service grew its position in Lennar Corporation (NYSE:LEN) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,407 shares of the construction company’s stock after buying an additional 19,878 shares during the quarter. National Pension Service owned 0.18% of Lennar worth $45,788,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Guerra Advisors Inc purchased a new position in shares of Lennar in the third quarter valued at $25,000. Redmont Wealth Advisors LLC purchased a new position in shares of Lennar in the third quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Lennar in the third quarter valued at $25,000. High Point Wealth Management LLC purchased a new position in shares of Lennar in the fourth quarter valued at $31,000. Finally, Washington Trust Advisors Inc. increased its position in Lennar by 102.7% during the 3rd quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock worth $47,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research upgraded Lennar from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. UBS Group dropped their price objective on Lennar from $122.00 to $107.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Evercore dropped their price objective on Lennar from $89.00 to $82.00 and set an “underperform” rating for the company in a research report on Monday, April 13th. Wells Fargo & Company dropped their price objective on Lennar from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on Lennar from $105.00 to $97.00 and set a “market perform” rating for the company in a research report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and eight have given a Sell rating to the company. According to MarketBeat.com, Lennar currently has an average rating of “Reduce” and an average target price of $99.87.

Lennar Stock Up 0.2%

Shares of NYSE:LEN opened at $89.95 on Monday. The stock’s 50-day moving average price is $89.14 and its two-hundred day moving average price is $105.25. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. Lennar Corporation has a 12-month low of $81.18 and a 12-month high of $144.24. The firm has a market cap of $22.22 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.98 and a beta of 1.39.

Lennar (NYSE:LEN) last issued its quarterly earnings results 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 return on equity of 7.80% and a net margin of 5.39%.The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the business posted $2.14 earnings per share. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. On average, research analysts forecast that Lennar Corporation will post 5.87 EPS for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $2.00 annualized dividend and a yield of 2.2%. Lennar’s payout ratio is 28.74%.

Lennar 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.