Lennar Co. (NYSE:LEN) Shares Bought by Swedbank AB

Swedbank AB grew its holdings in shares of Lennar Co. (NYSE:LEN) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,182 shares of the construction company’s stock after purchasing an additional 2,473 shares during the period. Swedbank AB owned approximately 0.06% of Lennar worth $22,799,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. lifted its position in Lennar by 69.4% during the 4th 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 period. Oakworth Capital Inc. purchased a new stake in Lennar in the third quarter valued at approximately $27,000. Wolff Wiese Magana LLC increased its holdings in Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after buying an additional 140 shares during the period. GHP Investment Advisors Inc. purchased a new position in Lennar during the 3rd quarter worth approximately $30,000. Finally, Asset Dedication LLC boosted its holdings in shares of Lennar by 4,225.0% in the 3rd quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Bank of America reduced their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday. Keefe, Bruyette & Woods dropped their price objective on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Lennar presently has a consensus rating of “Hold” and an average price target of $168.38.

Lennar Trading Up 2.3 %

Shares of LEN stock opened at $135.22 on Friday. Lennar Co. has a fifty-two week low of $128.41 and a fifty-two week high of $193.80. The firm has a market capitalization of $36.68 billion, a P/E ratio of 9.43, a PEG ratio of 1.32 and a beta of 1.66. The stock’s fifty day moving average is $147.63 and its two-hundred day moving average is $166.67. 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 (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the firm posted $4.82 EPS. Research analysts expect that Lennar Co. will post 13.02 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.48%. Lennar’s payout ratio is 13.95%.

Lennar 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.