Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.20 Million Position in Lennar Corporation $LEN

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Lennar Corporation (NYSE:LEN) by 28.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,356 shares of the construction company’s stock after purchasing an additional 10,674 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Lennar were worth $4,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in Lennar in the 3rd quarter valued at about $25,000. High Point Wealth Management LLC acquired a new position in shares of Lennar in the fourth quarter valued at approximately $31,000. DV Equities LLC acquired a new position in shares of Lennar in the fourth quarter valued at approximately $31,000. Quarry LP acquired a new stake in Lennar during the 4th quarter worth approximately $41,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in Lennar in the 4th quarter valued at $45,000. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore increased their price objective on Lennar from $82.00 to $87.00 and gave the stock an “underperform” rating in a research report on Monday, June 15th. Argus decreased their price target on shares of Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. UBS Group dropped their price objective on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Barclays cut their price objective on shares of Lennar from $80.00 to $79.00 and set an “underweight” rating for the company in a report on Monday, June 15th. Finally, Zacks Research cut shares of Lennar from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and ten have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $95.00.

Lennar Price Performance

Shares of NYSE:LEN opened at $87.63 on Tuesday. The firm has a 50 day moving average of $89.24 and a 200-day moving average of $99.21. Lennar Corporation has a 12 month low of $81.18 and a 12 month high of $144.24. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $21.11 billion, a PE ratio of 13.71, a PEG ratio of 2.93 and a beta of 1.38.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The business had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $8.08 billion. During the same period last year, the firm posted $1.81 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts predict that Lennar Corporation will post 5.51 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, July 10th. Lennar’s dividend payout ratio is currently 31.30%.

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.