Lennar Co. (NYSE:LEN) Shares Purchased by Flputnam Investment Management Co.

Flputnam Investment Management Co. boosted its stake in shares of Lennar Co. (NYSE:LEN) by 74.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,675 shares of the construction company’s stock after acquiring an additional 11,794 shares during the quarter. Flputnam Investment Management Co.’s holdings in Lennar were worth $3,774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of LEN. Holocene Advisors LP purchased a new stake in shares of Lennar in the third quarter valued at about $115,229,000. Pacer Advisors Inc. lifted its position in Lennar by 22.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after purchasing an additional 589,553 shares during the period. Nordea Investment Management AB boosted its holdings in Lennar by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock valued at $308,696,000 after purchasing an additional 397,492 shares in the last quarter. KBC Group NV increased its position in Lennar by 258.3% during the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after purchasing an additional 356,731 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Lennar by 2,774.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 123,142 shares of the construction company’s stock worth $16,793,000 after buying an additional 118,858 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LEN. Citigroup dropped their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada lowered their price target on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. UBS Group decreased their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Finally, Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Lennar has an average rating of “Hold” and a consensus price target of $163.88.

Lennar Stock Down 0.6 %

LEN opened at $119.63 on Friday. The firm has a market cap of $31.76 billion, a P/E ratio of 8.34, a PEG ratio of 1.24 and a beta of 1.67. The business’s fifty day simple moving average is $130.70 and its 200 day simple moving average is $159.40. Lennar Co. has a 52 week low of $117.90 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.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $4.82 earnings per share. As a group, equities research analysts anticipate that Lennar Co. will post 12.48 EPS 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

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.