Livforsakringsbolaget Skandia Omsesidigt Acquires 9,000 Shares of Lennar Co. (NYSE:LEN)

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Lennar Co. (NYSE:LEN) by 51.8% during the 4th quarter, Holdings Channel reports. The firm owned 26,382 shares of the construction company’s stock after buying an additional 9,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lennar were worth $3,597,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Oakworth Capital Inc. bought a new stake in shares of Lennar in the third quarter worth about $27,000. Wolff Wiese Magana LLC grew its stake in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Lennar during the 3rd quarter valued at approximately $30,000. Asset Dedication LLC boosted its position in Lennar by 4,225.0% during the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in Lennar during the 4th quarter valued at approximately $25,000. 81.10% of the stock is owned by institutional investors.

Lennar Price Performance

Shares of NYSE LEN opened at $127.11 on Friday. The firm has a market cap of $33.75 billion, a P/E ratio of 8.86, a PEG ratio of 1.32 and a beta of 1.67. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $143.33 and a 200 day moving average of $165.36. Lennar Co. has a twelve month low of $125.21 and a twelve month high of $193.80.

Lennar (NYSE:LEN) last announced its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.82 earnings per share. As a group, research analysts expect that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.57%. Lennar’s dividend payout ratio (DPR) is 13.95%.

Wall Street Analyst Weigh In

LEN has been the topic of several research reports. Wells Fargo & Company cut their price objective on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods cut their price objective on Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. UBS Group cut their price objective on Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Finally, Bank of America dropped their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $167.19.

About Lennar

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.