Sava Infond d.o.o. Purchases New Shares in Lennar Co. (NYSE:LEN)

Sava Infond d.o.o. bought a new position in Lennar Co. (NYSE:LEN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,950 shares of the construction company’s stock, valued at approximately $649,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LEN. Crews Bank & Trust bought a new position in shares of Lennar during the 4th quarter worth approximately $25,000. Armstrong Advisory Group Inc. boosted 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 purchasing an additional 75 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Lennar during the 4th quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Lennar during the 3rd quarter worth $39,000. Finally, Quarry LP boosted its holdings in shares of Lennar by 136.7% in the 3rd quarter. Quarry LP now owns 232 shares of the construction company’s stock worth $43,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

NYSE LEN opened at $117.90 on Thursday. The firm has a market cap of $31.31 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.24 and a beta of 1.69. The company has a 50-day simple moving average of $125.06 and a two-hundred day simple moving average of $152.03. 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 Co. has a 12-month low of $111.26 and a 12-month high of $187.61.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.44 billion. During the same period in the previous year, the firm earned $2.57 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The firm also recently disclosed 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 1.70%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 14.57%.

Analysts Set New Price Targets

A number of research firms have weighed in on LEN. Evercore ISI reiterated an “in-line” rating and issued a $131.00 target price (down from $159.00) on shares of Lennar in a research note on Monday. Royal Bank of Canada decreased their target price on Lennar from $125.00 to $122.00 and set a “sector perform” rating for the company in a research report on Monday. Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Fifteen analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lennar has an average rating of “Hold” and a consensus target price of $151.07.

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.