UniSuper Management Pty Ltd Purchases 4,658 Shares of Lennar Co. (NYSE:LEN)

UniSuper Management Pty Ltd raised its position in Lennar Co. (NYSE:LEN) by 27.9% in the 4th quarter, Holdings Channel reports. The firm owned 21,340 shares of the construction company’s stock after buying an additional 4,658 shares during the period. UniSuper Management Pty Ltd’s holdings in Lennar were worth $2,910,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LEN. Pacer Advisors Inc. increased its position in shares of Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company’s stock valued at $446,110,000 after buying an additional 589,553 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Lennar by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after acquiring an additional 397,492 shares in the last quarter. Bamco Inc. NY raised its position in shares of Lennar by 2.6% during the third quarter. Bamco Inc. NY now owns 711,023 shares of the construction company’s stock worth $133,303,000 after purchasing an additional 17,834 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Lennar by 0.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 691,910 shares of the construction company’s stock valued at $129,719,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Lennar in the 3rd quarter valued at approximately $115,229,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Down 3.5 %

Lennar stock opened at $113.83 on Friday. Lennar Co. has a fifty-two week low of $111.26 and a fifty-two week high of $187.61. The firm has a market capitalization of $30.22 billion, a PE ratio of 7.94, a P/E/G ratio of 1.24 and a beta of 1.69. The company’s 50-day moving average is $124.05 and its 200-day moving average is $151.13. 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 (NYSE:LEN) last released its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the prior year, the company earned $2.57 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.76%. Lennar’s dividend payout ratio (DPR) is 14.57%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Evercore ISI reaffirmed an “in-line” rating and issued a $131.00 target price (down from $159.00) on shares of Lennar in a research note on Monday, March 24th. Keefe, Bruyette & Woods dropped their price target on Lennar from $141.00 to $128.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 25th. Barclays decreased their price objective on Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, March 24th. Finally, StockNews.com cut Lennar from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $151.07.

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.