River Road Asset Management LLC Acquires 13,474 Shares of Lennar Co. (NYSE:LEN)

River Road Asset Management LLC grew its holdings in Lennar Co. (NYSE:LEN) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 391,524 shares of the construction company’s stock after acquiring an additional 13,474 shares during the period. River Road Asset Management LLC owned 0.15% of Lennar worth $53,392,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in Lennar in the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. raised its position in 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. SBI Securities Co. Ltd. bought a new position in Lennar in the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in Lennar in the third quarter worth approximately $39,000. Finally, Quarry LP raised its position in shares of Lennar by 136.7% during the 3rd quarter. Quarry LP now owns 232 shares of the construction company’s stock valued at $43,000 after purchasing an additional 134 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Performance

Shares of 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 stock has a market capitalization of $33.24 billion, a P/E ratio of 8.73, a PEG ratio of 1.24 and a beta of 1.69. The firm has a fifty day simple moving average of $128.89 and a two-hundred day simple moving average of $157.12. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08.

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

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors 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 dividend on an annualized basis and a dividend yield of 1.60%. Lennar’s dividend payout ratio is presently 13.95%.

Wall Street Analyst Weigh In

LEN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Barclays decreased their price objective on shares of Lennar from $135.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Lennar from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group decreased their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lennar presently has a consensus rating of “Hold” and a consensus price target 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.