9,353 Shares in Lennar Co. (NYSE:LEN) Purchased by Cypress Capital LLC

Cypress Capital LLC purchased a new position in Lennar Co. (NYSE:LEN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,353 shares of the construction company’s stock, valued at approximately $1,275,000.

Other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. boosted 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 position in Lennar during the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new position in Lennar during the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in Lennar during the 4th quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC lifted its stake 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. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

LEN opened at $120.59 on Friday. The business’s 50-day moving average is $133.78 and its two-hundred day moving average is $161.49. Lennar Co. has a 1 year low of $117.90 and a 1 year high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. The firm has a market capitalization of $32.02 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.82 EPS. Research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wedbush restated a “neutral” rating and set a $164.00 target price on shares of Lennar in a research note on Thursday, December 19th. Keefe, Bruyette & Woods reduced their price target on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. UBS Group reduced their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $163.88.

About Lennar

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.