Mizuho Bank Ltd. Makes New $42,000 Investment in Lennar Co. (NYSE:LEN)

Mizuho Bank Ltd. acquired a new stake in Lennar Co. (NYSE:LEN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 310 shares of the construction company’s stock, valued at approximately $42,000.

A number of other large investors also recently added to or reduced their stakes in LEN. Armstrong Advisory Group Inc. lifted its stake in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Crews Bank & Trust bought a new stake in Lennar in the fourth quarter worth $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar during the 4th quarter worth about $28,000. ORG Wealth Partners LLC purchased a new position in shares of Lennar during the fourth quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Lennar by 51.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after acquiring an additional 79 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Up 2.3 %

LEN opened at $110.87 on Friday. The stock has a market capitalization of $29.44 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.24 and a beta of 1.51. Lennar Co. has a fifty-two week low of $106.20 and a fifty-two week high of $187.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a fifty day moving average of $121.78 and a two-hundred day moving average of $148.91.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. During the same period in the prior year, the business posted $2.57 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.80%. Lennar’s dividend payout ratio (DPR) is currently 14.57%.

Analysts Set New Price Targets

Several research firms have issued reports on LEN. Wolfe Research cut shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Wedbush reiterated a “neutral” rating and issued a $158.00 target price on shares of Lennar in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their price target on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Bank of America cut their price objective on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, Wells Fargo & Company reduced their target price on Lennar from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.