Schonfeld Strategic Advisors LLC Grows Position in Lennar Co. (NYSE:LEN)

Schonfeld Strategic Advisors LLC raised its position in Lennar Co. (NYSE:LEN) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,440 shares of the construction company’s stock after purchasing an additional 30,292 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.06% of Lennar worth $22,561,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its position in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 75 shares during the last quarter. Wolff Wiese Magana LLC grew 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 worth $32,000 after acquiring an additional 79 shares in the last quarter. Howard Capital Management Inc. increased its position in shares of Lennar by 0.3% during the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company’s stock worth $3,932,000 after acquiring an additional 81 shares during the period. Premier Path Wealth Partners LLC raised its stake in shares of Lennar by 2.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company’s stock valued at $584,000 after acquiring an additional 87 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in shares of Lennar by 1.9% in the fourth quarter. Greenleaf Trust now owns 5,220 shares of the construction company’s stock valued at $712,000 after purchasing an additional 95 shares during the period. Institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group lowered their target price on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a report on Monday, March 24th. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Citigroup lowered their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, The Goldman Sachs Group cut their price target on Lennar from $141.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th. Fifteen equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $150.07.

Lennar Trading Down 0.5 %

NYSE LEN opened at $107.59 on Wednesday. The stock has a market cap of $28.38 billion, a P/E ratio of 7.50, a P/E/G ratio of 1.24 and a beta of 1.51. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61. The company has a fifty day simple moving average of $113.89 and a two-hundred day simple moving average of $138.56.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping 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 company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. During the same quarter in the previous year, the firm posted $2.57 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

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