Lecap Asset Management Ltd. Acquires 5,697 Shares of Lennar Co. (NYSE:LEN)

Lecap Asset Management Ltd. raised its holdings in shares of Lennar Co. (NYSE:LEN) by 208.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,433 shares of the construction company’s stock after purchasing an additional 5,697 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Lennar were worth $1,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. increased its stake in Lennar by 12.2% during the third quarter. Mather Group LLC. now owns 1,147 shares of the construction company’s stock worth $215,000 after acquiring an additional 125 shares during the last quarter. Daymark Wealth Partners LLC increased its position in shares of Lennar by 23.3% during the 3rd quarter. Daymark Wealth Partners LLC now owns 2,009 shares of the construction company’s stock valued at $377,000 after purchasing an additional 379 shares during the last quarter. Wedmont Private Capital raised its holdings in Lennar by 6.7% during the 3rd quarter. Wedmont Private Capital now owns 4,239 shares of the construction company’s stock valued at $771,000 after buying an additional 268 shares during the period. JGP Wealth Management LLC boosted its stake in Lennar by 0.3% during the third quarter. JGP Wealth Management LLC now owns 78,062 shares of the construction company’s stock worth $14,635,000 after buying an additional 202 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Lennar by 32.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,382 shares of the construction company’s stock valued at $3,257,000 after acquiring an additional 4,264 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Trading Down 4.2 %

NYSE LEN opened at $121.95 on Friday. The firm has a market cap of $32.38 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.32 and a beta of 1.67. Lennar Co. has a 52 week low of $121.40 and a 52 week high of $193.80. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $142.39 and a 200 day moving average price of $165.10.

Lennar (NYSE:LEN) last posted 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). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same period in the previous year, the business earned $4.82 EPS. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LEN. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Barclays dropped their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on Lennar from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada cut their price target on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Lennar has an average rating of “Hold” and a consensus price target of $167.19.

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.