Commonwealth Retirement Investments LLC Purchases 295 Shares of Lennar Co. (NYSE:LEN)

Commonwealth Retirement Investments LLC increased its holdings in Lennar Co. (NYSE:LEN) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,522 shares of the construction company’s stock after purchasing an additional 295 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Lennar were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of Lennar by 23,048.0% during the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after buying an additional 149,812 shares during the period. Smead Capital Management Inc. boosted its holdings in Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after acquiring an additional 89,896 shares in the last quarter. Verition Fund Management LLC increased its position in Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock valued at $12,978,000 after purchasing an additional 41,264 shares during the period. Polianta Ltd bought a new position in Lennar in the 4th quarter worth $900,000. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Lennar by 101.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after purchasing an additional 4,363 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Down 0.7 %

Shares of Lennar stock opened at $119.79 on Tuesday. The company has a 50-day simple moving average of $132.46 and a two-hundred day simple moving average of $160.68. Lennar Co. has a 52-week low of $117.90 and a 52-week high of $193.80. 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 has a market capitalization of $31.81 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67.

Lennar (NYSE:LEN) last released its quarterly earnings data 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 business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same period last year, the company posted $4.82 earnings per share. On average, analysts anticipate that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.67%. Lennar’s payout ratio is 13.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LEN. Bank of America reduced their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods reduced their target price on Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. UBS Group lowered their target price on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price target on Lennar from $130.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $163.88.

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.