Wellington Management Group LLP Has $441.77 Million Stake in Lennar Co. (NYSE:LEN)

Wellington Management Group LLP grew its position in Lennar Co. (NYSE:LEN) by 18.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,239,488 shares of the construction company’s stock after buying an additional 515,378 shares during the quarter. Wellington Management Group LLP owned 1.22% of Lennar worth $441,769,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LEN. Armstrong Advisory Group Inc. grew 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 valued at $25,000 after acquiring an additional 75 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Lennar during the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Lennar during the 4th quarter worth approximately $28,000. ORG Wealth Partners LLC bought a new position in Lennar in the 4th quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC boosted its position in Lennar by 51.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Price Performance

Shares of NYSE LEN opened at $114.79 on Tuesday. The firm has a market capitalization of $30.48 billion, a P/E ratio of 8.00, a P/E/G ratio of 1.24 and a beta of 1.69. The firm’s 50-day moving average price is $123.51 and its 200-day moving average price is $150.47. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1-year low of $111.26 and a 1-year high of $187.61.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $7.44 billion. During the same quarter in the prior year, the company earned $2.57 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is 14.57%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LEN shares. UBS Group dropped their price target on Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Barclays dropped their target price on Lennar from $121.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, March 24th. Citigroup reduced their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group cut their target price on shares of Lennar from $141.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. Finally, Wedbush reaffirmed a “neutral” rating and set a $158.00 price target on shares of Lennar in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.