X Square Capital LLC Raises Stake in Lennar Co. (NYSE:LEN)

X Square Capital LLC boosted its holdings in shares of Lennar Co. (NYSE:LEN) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,396 shares of the construction company’s stock after buying an additional 141 shares during the quarter. X Square Capital LLC’s holdings in Lennar were worth $2,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LEN. Pacer Advisors Inc. lifted its position in Lennar by 22.0% during the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after purchasing an additional 589,553 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after buying an additional 397,492 shares during the period. Bamco Inc. NY grew its holdings in Lennar by 2.6% during the third quarter. Bamco Inc. NY now owns 711,023 shares of the construction company’s stock worth $133,303,000 after acquiring an additional 17,834 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Lennar by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 691,910 shares of the construction company’s stock valued at $129,719,000 after acquiring an additional 3,130 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Lennar in the third quarter valued at approximately $115,229,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Up 0.2 %

LEN stock opened at $118.09 on Friday. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $124.60 and a two-hundred day moving average of $151.79. Lennar Co. has a 12 month low of $111.26 and a 12 month high of $187.61. The company has a market cap of $31.35 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.24 and a beta of 1.69.

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

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 14.57%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wells Fargo & Company cut their price objective on shares of Lennar from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Keefe, Bruyette & Woods lowered their target price 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. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Barclays lowered their price target on Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday. Fifteen 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $151.07.

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.