Price T Rowe Associates Inc. MD Purchases 1,986 Shares of Lennar Co. (NYSE:LEN)

Price T Rowe Associates Inc. MD grew its position in Lennar Co. (NYSE:LEN) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,926 shares of the construction company’s stock after acquiring an additional 1,986 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Lennar were worth $47,993,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Armstrong Advisory Group Inc. raised its stake in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Lennar in the fourth quarter valued at approximately $25,000. Hurley Capital LLC acquired a new position in Lennar during the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in Lennar in the 4th quarter valued at $28,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Lennar during the fourth quarter worth $32,000. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com upgraded Lennar from a “sell” rating to a “hold” rating in a report on Friday, April 18th. UBS Group dropped their price target on shares of Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Barclays reduced their price objective on shares of Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, March 24th. The Goldman Sachs Group dropped their target price on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. Finally, Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Fifteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lennar has an average rating of “Hold” and an average price target of $150.07.

Lennar Stock Performance

Shares of Lennar stock opened at $107.59 on Wednesday. The company has a market capitalization of $28.38 billion, a PE ratio of 7.50, a PEG ratio of 1.24 and a beta of 1.51. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $187.61. 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 stock’s fifty day simple moving average is $113.89 and its 200 day simple moving average is $138.56.

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

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, April 23rd. Lennar’s dividend payout ratio is 14.57%.

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.