Lennar Co. (NYSE:LEN) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. increased its holdings in Lennar Co. (NYSE:LEN) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 41,358 shares of the construction company’s stock after buying an additional 3,080 shares during the quarter. Baird Financial Group Inc.’s holdings in Lennar were worth $5,640,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. lifted its position in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Crews Bank & Trust purchased a new position in Lennar during the fourth quarter valued at $25,000. Hurley Capital LLC purchased a new stake in shares of Lennar during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar during the 4th quarter worth about $28,000. Finally, Wolff Wiese Magana LLC lifted its stake in Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LEN shares. UBS Group decreased their target price on Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Bank of America lowered their target price on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods reduced their target price on shares of Lennar from $141.00 to $128.00 and set a “market perform” rating for the company in a research report on Tuesday, March 25th. The Goldman Sachs Group lowered their price target on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Finally, Wedbush reissued a “neutral” rating and issued a $158.00 target price on shares of Lennar in a research note on Monday, March 17th. Fifteen equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $150.07.

Lennar Trading Down 0.8 %

Shares of LEN stock opened at $108.65 on Friday. Lennar Co. has a 1-year low of $98.42 and a 1-year high of $187.61. The firm has a market cap of $28.66 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The company has a 50-day moving average of $112.00 and a two-hundred day moving average of $134.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06.

Lennar (NYSE:LEN) last posted its 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 net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter last year, the firm earned $2.57 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lennar’s dividend payout ratio (DPR) is 14.57%.

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.