WINTON GROUP Ltd Acquires New Shares in Lennar Corporation $LEN

WINTON GROUP Ltd acquired a new stake in shares of Lennar Corporation (NYSE:LEN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 36,375 shares of the construction company’s stock, valued at approximately $3,739,000.

Several other hedge funds also recently modified their holdings of LEN. Viking Global Investors LP boosted its holdings in shares of Lennar by 86.7% during the 2nd quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock valued at $279,135,000 after acquiring an additional 1,172,068 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Lennar by 14.6% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,732,654 shares of the construction company’s stock valued at $596,504,000 after acquiring an additional 603,004 shares in the last quarter. Todd Asset Management LLC acquired a new stake in shares of Lennar during the 3rd quarter valued at $26,371,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Lennar by 319.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 274,173 shares of the construction company’s stock valued at $34,557,000 after acquiring an additional 208,800 shares in the last quarter. Finally, Duquesne Family Office LLC boosted its holdings in shares of Lennar by 210.8% during the 3rd quarter. Duquesne Family Office LLC now owns 279,424 shares of the construction company’s stock valued at $35,219,000 after acquiring an additional 189,524 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Up 0.2%

Shares of LEN opened at $90.63 on Monday. The company has a market capitalization of $22.38 billion, a PE ratio of 13.02, a PEG ratio of 2.00 and a beta of 1.39. Lennar Corporation has a 12 month low of $81.18 and a 12 month high of $144.24. The stock’s 50-day moving average price is $88.97 and its two-hundred day moving average price is $104.18. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.07). Lennar had a return on equity of 7.80% and a net margin of 5.39%.The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same period in the previous year, the firm posted $2.14 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, analysts anticipate that Lennar Corporation will post 5.87 EPS for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. Lennar’s dividend payout ratio (DPR) is 28.74%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LEN. Argus cut their price objective on Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Wells Fargo & Company cut their target price on Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Keefe, Bruyette & Woods cut their target price on Lennar from $105.00 to $97.00 and set a “market perform” rating on the stock in a report on Wednesday, April 1st. Citigroup cut their target price on Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Lennar in a report on Friday. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $99.87.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.