Baader Bank Aktiengesellschaft Makes New $520,000 Investment in Lennar Co. (NYSE:LEN)

Baader Bank Aktiengesellschaft acquired a new stake in shares of Lennar Co. (NYSE:LEN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,815 shares of the construction company’s stock, valued at approximately $520,000.

Other hedge funds have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. increased its stake in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after acquiring an additional 75 shares during the period. Oakworth Capital Inc. acquired a new stake in Lennar during the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC raised its stake in shares of Lennar by 933.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock valued at $29,000 after buying an additional 140 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Lennar in the 3rd quarter valued at about $30,000. Finally, Asset Dedication LLC boosted its stake in shares of Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock worth $32,000 after buying an additional 169 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Stock Up 2.3 %

Shares of LEN opened at $135.22 on Friday. The stock has a fifty day simple moving average of $147.63 and a two-hundred day simple moving average of $166.67. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $36.68 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66. Lennar Co. has a 52-week low of $128.41 and a 52-week high of $193.80.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.82 earnings per share. As a group, equities analysts forecast that Lennar Co. will post 13.02 EPS for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 13.95%.

Wall Street Analysts Forecast Growth

LEN has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. BTIG Research lowered shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Citigroup lowered their target price on shares of Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods cut their price target on Lennar from $210.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. lowered their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. 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 MarketBeat, Lennar currently has a consensus rating of “Hold” and an average price target of $168.38.

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.