Lennar Co. (NYSE:LEN) Shares Purchased by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC boosted its position in shares of Lennar Co. (NYSE:LEN) by 10.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,318 shares of the construction company’s stock after purchasing an additional 322 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Lennar were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Lennar during the 4th quarter worth approximately $1,091,000. Banco Santander S.A. purchased a new position in Lennar during the 4th quarter worth approximately $206,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Lennar during the 4th quarter worth approximately $206,000. Edgestream Partners L.P. purchased a new position in Lennar during the 4th quarter worth approximately $5,556,000. Finally, Callan Family Office LLC purchased a new position in shares of Lennar during the 4th quarter valued at $715,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LEN shares. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price target on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Wedbush restated a “neutral” rating and set a $164.00 price target on shares of Lennar in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus price target of $163.88.

Lennar Price Performance

Lennar stock opened at $125.19 on Tuesday. The firm has a market cap of $33.24 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a fifty-two week low of $116.67 and a fifty-two week high of $187.61. The firm has a fifty day moving average price of $128.89 and a two-hundred day moving average price of $157.12.

Lennar (NYSE:LEN) last released its earnings results 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 firm 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 firm’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.82 EPS. As a group, analysts forecast that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 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.