1,507 Shares in Lennar Co. (NYSE:LEN) Acquired by Banco Santander S.A.

Banco Santander S.A. acquired a new stake in Lennar Co. (NYSE:LEN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,507 shares of the construction company’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently bought and sold shares of the business. Equitable Trust Co. grew its stake in shares of Lennar by 22.4% during the third quarter. Equitable Trust Co. now owns 1,997 shares of the construction company’s stock worth $374,000 after purchasing an additional 366 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of Lennar during the 3rd quarter worth about $532,000. Colonial River Investments LLC bought a new stake in shares of Lennar in the 3rd quarter valued at about $317,000. Baker Avenue Asset Management LP acquired a new stake in shares of Lennar in the 3rd quarter valued at approximately $608,000. Finally, Crossmark Global Holdings Inc. boosted its stake in Lennar by 0.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 51,545 shares of the construction company’s stock worth $9,664,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

NYSE:LEN opened at $125.19 on Tuesday. Lennar Co. has a 52-week low of $116.67 and a 52-week high of $187.61. The company has a market cap of $33.24 billion, a P/E 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 quick ratio of 1.06 and a current ratio of 4.71. The stock’s 50-day simple moving average is $128.89 and its 200 day simple moving average is $157.12.

Lennar (NYSE:LEN) last posted its quarterly 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 company 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 for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $4.82 EPS. As a group, sell-side analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is currently 13.95%.

Analysts Set New Price Targets

LEN has been the topic of several analyst reports. Wells Fargo & Company cut their target price on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Wedbush reaffirmed a “neutral” rating and set a $164.00 price objective on shares of Lennar in a research note on Thursday, December 19th. Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Barclays dropped their price target on Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods decreased their price objective on Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lennar currently has a consensus rating of “Hold” and an average target price of $163.88.

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.