Aster Capital Management DIFC Ltd Purchases 10,855 Shares of Lennar Co. (NYSE:LEN)

Aster Capital Management DIFC Ltd lifted its holdings in Lennar Co. (NYSE:LEN) by 235.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,471 shares of the construction company’s stock after acquiring an additional 10,855 shares during the quarter. Lennar makes up approximately 0.8% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 11th largest holding. Aster Capital Management DIFC Ltd’s holdings in Lennar were worth $2,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quarry LP raised its stake in shares of Lennar by 136.7% in the third quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after acquiring an additional 134 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in Lennar in the 3rd quarter worth approximately $1,650,000. Kovitz Investment Group Partners LLC lifted its holdings in Lennar by 71.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,327 shares of the construction company’s stock worth $2,686,000 after buying an additional 5,981 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Lennar by 14.5% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,443 shares of the construction company’s stock valued at $271,000 after buying an additional 183 shares during the period. Finally, EP Wealth Advisors LLC lifted its stake in shares of Lennar by 9.9% during the third quarter. EP Wealth Advisors LLC now owns 5,216 shares of the construction company’s stock valued at $978,000 after acquiring an additional 472 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Performance

LEN opened at $110.87 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. Lennar Co. has a 12-month low of $106.20 and a 12-month high of $187.61. The business has a 50 day moving average of $121.78 and a 200-day moving average of $148.63. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.24 and a beta of 1.51.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. The business had revenue of $7.63 billion during 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 company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 EPS. On average, equities research analysts expect that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given 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 1.80%. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

Analysts Set New Price Targets

Several analysts have weighed in on LEN shares. Citigroup dropped their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Evercore ISI reiterated an “in-line” rating and set a $131.00 target price (down previously from $159.00) on shares of Lennar in a research report on Monday, March 24th. Keefe, Bruyette & Woods reduced their price target on Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 25th. Finally, Bank of America cut their target price on Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.07.

Lennar Company 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.