AlphaQuest LLC Raises Stock Holdings in Lennar Co. (NYSE:LEN)

AlphaQuest LLC lifted its holdings in Lennar Co. (NYSE:LEN) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,226 shares of the construction company’s stock after purchasing an additional 348 shares during the period. AlphaQuest LLC’s holdings in Lennar were worth $1,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Portside Wealth Group LLC raised its position in Lennar by 4.7% during the 3rd quarter. Portside Wealth Group LLC now owns 1,871 shares of the construction company’s stock valued at $351,000 after purchasing an additional 84 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Lennar during the 3rd quarter valued at $2,352,000. Equitable Trust Co. raised its position in Lennar by 22.4% during the 3rd quarter. Equitable Trust Co. now owns 1,997 shares of the construction company’s stock valued at $374,000 after purchasing an additional 366 shares in the last quarter. Arrow Financial Corp raised its position in Lennar by 27.9% during the 3rd quarter. Arrow Financial Corp now owns 10,314 shares of the construction company’s stock valued at $1,934,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in Lennar during the 3rd quarter valued at $532,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Stock Down 0.7 %

Shares of LEN stock opened at $125.24 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The stock’s fifty day moving average price is $129.11 and its 200 day moving average price is $157.49. The company has a market cap of $33.25 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. Lennar Co. has a 1-year low of $116.67 and a 1-year high of $187.61.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm 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%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.82 EPS. On average, research analysts expect that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.60%. Lennar’s payout ratio is presently 13.95%.

Analyst Upgrades and Downgrades

LEN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Royal Bank of Canada reduced their price target on Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Wells Fargo & Company reduced their price target on Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods reduced their price target on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $163.88.

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.