Blueshift Asset Management LLC Makes New $443,000 Investment in Lennar Co. (NYSE:LEN)

Blueshift Asset Management LLC bought a new position in shares of Lennar Co. (NYSE:LEN) during the 4th quarter, Holdings Channel reports. The firm bought 3,250 shares of the construction company’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its position in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares during the period. Crews Bank & Trust acquired a new stake in shares of Lennar in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lennar in the fourth quarter valued at approximately $28,000. ORG Wealth Partners LLC acquired a new stake in shares of Lennar in the fourth quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC grew its position in shares of Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after purchasing an additional 79 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on LEN. Wells Fargo & Company lowered their price target on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wedbush reiterated a “neutral” rating and issued a $158.00 price target on shares of Lennar in a research report on Monday. Bank of America reduced their price objective on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays reduced their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $164.53.

Lennar Stock Performance

NYSE:LEN opened at $119.90 on Friday. 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 market cap of $31.84 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.24 and a beta of 1.69. Lennar Co. has a fifty-two week low of $115.61 and a fifty-two week high of $187.61. The firm’s 50 day moving average is $126.38 and its two-hundred day moving average is $153.95.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the prior year, the business earned $2.57 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is currently 13.95%.

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.