Lennar Co. (NYSE:LEN) Stake Boosted by Mather Group LLC.

Mather Group LLC. increased its stake in Lennar Co. (NYSE:LEN) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,400 shares of the construction company’s stock after purchasing an additional 253 shares during the period. Mather Group LLC.’s holdings in Lennar were worth $191,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Czech National Bank boosted its holdings in shares of Lennar by 5.5% during the third quarter. Czech National Bank now owns 49,237 shares of the construction company’s stock valued at $9,231,000 after acquiring an additional 2,575 shares during the period. Atomi Financial Group Inc. boosted its stake in Lennar by 16.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 3,444 shares of the construction company’s stock valued at $646,000 after purchasing an additional 492 shares during the period. Daymark Wealth Partners LLC grew its position in Lennar by 23.3% in the 3rd quarter. Daymark Wealth Partners LLC now owns 2,009 shares of the construction company’s stock worth $377,000 after purchasing an additional 379 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Lennar by 6.7% in the third quarter. Wedmont Private Capital now owns 4,239 shares of the construction company’s stock valued at $771,000 after purchasing an additional 268 shares during the period. Finally, Unison Advisors LLC boosted its position in shares of Lennar by 0.3% during the third quarter. Unison Advisors LLC now owns 36,940 shares of the construction company’s stock worth $6,926,000 after buying an additional 128 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LEN shares. Wolfe Research downgraded Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. UBS Group cut their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Citigroup decreased their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. The Goldman Sachs Group dropped their price target on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, December 23rd. Finally, Bank of America lowered their price objective on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $167.19.

Lennar Price Performance

LEN stock opened at $127.11 on Friday. Lennar Co. has a one year low of $125.21 and a one year high of $193.80. The firm has a 50-day moving average of $143.33 and a two-hundred day moving average of $165.36. The firm has a market capitalization of $33.75 billion, a PE ratio of 8.86, a P/E/G ratio of 1.32 and a beta of 1.67. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 EPS 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same period in the prior year, the business posted $4.82 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, analysts forecast that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, January 29th. 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.