World Investment Advisors Increases Stake in Lennar Co. (NYSE:LEN)

World Investment Advisors boosted its holdings in shares of Lennar Co. (NYSE:LEN) by 25.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,671 shares of the construction company’s stock after buying an additional 334 shares during the period. World Investment Advisors’ holdings in Lennar were worth $228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. raised its position in shares of 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 purchasing an additional 75 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Lennar in the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar in the 4th quarter valued at approximately $28,000. ORG Wealth Partners LLC purchased a new position in Lennar during the 4th quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC raised its position in Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after buying an additional 79 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LEN shares. Wedbush reaffirmed a “neutral” rating and set a $158.00 price objective on shares of Lennar in a research note on Monday, March 17th. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Royal Bank of Canada dropped their price target on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Monday, March 24th. Bank of America dropped their price target 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. Finally, UBS Group dropped their price target on shares of Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $150.07.

Lennar Trading Up 5.7 %

NYSE:LEN opened at $108.79 on Thursday. The stock has a fifty day moving average price of $118.94 and a two-hundred day moving average price of $146.08. The stock has a market capitalization of $28.89 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a 1 year low of $98.42 and a 1 year high of $187.61.

Lennar (NYSE:LEN) last announced its quarterly earnings results 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. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $2.57 earnings per share. As a group, sell-side analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.84%. The ex-dividend date was Wednesday, January 29th. 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.