Elo Mutual Pension Insurance Co Raises Holdings in Lennar Corporation $LEN

Elo Mutual Pension Insurance Co increased its position in shares of Lennar Corporation (NYSE:LEN) by 40.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,797 shares of the construction company’s stock after buying an additional 9,748 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Lennar were worth $4,260,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock valued at $236,000 after purchasing an additional 377 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Lennar by 29.8% in the 1st quarter. Intech Investment Management LLC now owns 13,840 shares of the construction company’s stock worth $1,589,000 after acquiring an additional 3,177 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Lennar by 5,161.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 947 shares of the construction company’s stock worth $105,000 after buying an additional 929 shares in the last quarter. Mission Wealth Management LP acquired a new position in Lennar during the second quarter worth $340,000. Finally, Fullcircle Wealth LLC boosted its position in shares of Lennar by 2.4% during the 2nd quarter. Fullcircle Wealth LLC now owns 6,758 shares of the construction company’s stock worth $803,000 after purchasing an additional 157 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Price Performance

LEN opened at $108.47 on Wednesday. Lennar Corporation has a 1 year low of $98.42 and a 1 year high of $144.24. The company’s 50 day simple moving average is $113.27 and its 200 day simple moving average is $121.41. The stock has a market capitalization of $26.79 billion, a PE ratio of 13.58, a P/E/G ratio of 1.61 and a beta of 1.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 4.89.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a return on equity of 9.27% and a net margin of 6.08%.The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the prior year, the business earned $4.03 EPS. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Wednesday, February 4th were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. Lennar’s dividend payout ratio (DPR) is presently 25.03%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LEN. Wells Fargo & Company dropped their price objective on Lennar from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Lennar in a research report on Thursday, January 22nd. Citizens Jmp reiterated a “market perform” rating on shares of Lennar in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Thursday, December 18th. Finally, Royal Bank Of Canada set a $88.00 target price on shares of Lennar in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $106.38.

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.