Ossiam Boosts Stake in Lennar Co. (NYSE:LEN)

Ossiam grew its stake in Lennar Co. (NYSE:LEN) by 26,953.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,711 shares of the construction company’s stock after acquiring an additional 35,579 shares during the quarter. Ossiam’s holdings in Lennar were worth $4,870,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LEN. Capital International Inc. CA raised its holdings in Lennar by 38.1% in the fourth quarter. Capital International Inc. CA now owns 14,280 shares of the construction company’s stock worth $1,947,000 after purchasing an additional 3,937 shares in the last quarter. First Washington CORP raised its stake in shares of Lennar by 102.2% during the 4th quarter. First Washington CORP now owns 23,283 shares of the construction company’s stock worth $3,175,000 after acquiring an additional 11,768 shares in the last quarter. HGI Capital Management LLC purchased a new stake in Lennar during the fourth quarter valued at approximately $1,808,000. GeoWealth Management LLC boosted its stake in Lennar by 86.4% in the fourth quarter. GeoWealth Management LLC now owns 3,359 shares of the construction company’s stock valued at $458,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Farringdon Capital Ltd. purchased a new position in Lennar in the fourth quarter worth $1,516,000. 81.10% of the stock is owned by institutional investors.

Lennar Stock Up 1.8 %

LEN stock opened at $104.57 on Friday. The firm’s fifty day moving average is $116.03 and its 200 day moving average is $142.15. The firm has a market cap of $27.59 billion, a PE ratio of 7.29, a P/E/G ratio of 1.24 and a beta of 1.51. Lennar Co. has a one year low of $98.42 and a one year high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71.

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

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.50 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. Lennar’s dividend payout ratio is currently 14.57%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LEN. Barclays dropped their target price on Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, March 24th. UBS Group dropped their price target on Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Citigroup lowered their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods cut their price target on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 25th. Finally, Evercore ISI reiterated an “in-line” rating and set a $131.00 price objective (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Fifteen research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $150.07.

Lennar Profile

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.