Maven Securities LTD Acquires Shares of 7,368 Lennar Co. (NYSE:LEN)

Maven Securities LTD purchased a new position in shares of Lennar Co. (NYSE:LEN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,368 shares of the construction company’s stock, valued at approximately $1,005,000.

Several other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Lennar by 3.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,116,558 shares of the construction company’s stock valued at $834,115,000 after buying an additional 213,003 shares during the period. Pacer Advisors Inc. boosted its holdings in Lennar by 22.0% during the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after acquiring an additional 589,553 shares during the period. Wellington Management Group LLP grew its position in Lennar by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company’s stock valued at $441,769,000 after acquiring an additional 515,378 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Lennar in the fourth quarter worth $218,533,000. Finally, Eminence Capital LP boosted its stake in shares of Lennar by 43.4% during the fourth quarter. Eminence Capital LP now owns 685,225 shares of the construction company’s stock valued at $93,444,000 after purchasing an additional 207,343 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Lennar Trading Down 0.2%

NYSE:LEN opened at $112.38 on Wednesday. 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 fifty day simple moving average of $111.52 and a 200-day simple moving average of $133.61. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $187.61. The company has a market capitalization of $29.65 billion, a P/E ratio of 7.84, a PEG ratio of 1.24 and a beta of 1.41.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same period in the prior year, the company earned $2.57 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, April 23rd. Lennar’s payout ratio is 14.57%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI reiterated an “in-line” rating and set a $131.00 price objective (down previously from $159.00) on shares of Lennar in a report on Monday, March 24th. The Goldman Sachs Group decreased their price target on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Barclays reduced their price objective on Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, March 24th. StockNews.com raised Lennar from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. Finally, Keefe, Bruyette & Woods decreased their price objective on Lennar from $141.00 to $128.00 and set a “market perform” rating for the company in a report on Tuesday, March 25th. Fifteen investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $150.07.

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.