EFG Asset Management North America Corp. Has $2.10 Million Stock Position in Lennar Co. (NYSE:LEN)

EFG Asset Management North America Corp. boosted its holdings in shares of Lennar Co. (NYSE:LEN) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,376 shares of the construction company’s stock after acquiring an additional 1,372 shares during the period. EFG Asset Management North America Corp.’s holdings in Lennar were worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Verition Fund Management LLC lifted its holdings in shares of 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 in the last quarter. Polianta Ltd bought a new stake in shares of Lennar during the fourth quarter worth $900,000. Nordea Investment Management AB raised its holdings in shares of Lennar by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company’s stock worth $308,696,000 after acquiring an additional 397,492 shares during the period. Daiwa Securities Group Inc. boosted its stake in Lennar by 13.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 30,278 shares of the construction company’s stock worth $5,677,000 after purchasing an additional 3,674 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Lennar by 71.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 14,327 shares of the construction company’s stock valued at $2,686,000 after purchasing an additional 5,981 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LEN shares. Wedbush reiterated a “neutral” rating and set a $158.00 price objective on shares of Lennar in a report on Monday, March 17th. Bank of America decreased their price target on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. UBS Group reduced their target price on shares of Lennar from $183.00 to $164.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada lowered their price target on shares of Lennar from $125.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group decreased their price objective on Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday. Fifteen analysts have rated the stock with 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, Lennar currently has an average rating of “Hold” and an average target price of $151.07.

Lennar Price Performance

Shares of NYSE:LEN opened at $117.81 on Wednesday. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $31.28 billion, a PE ratio of 8.22, a PEG ratio of 1.24 and a beta of 1.69. The firm has a 50 day moving average of $125.47 and a 200-day moving average of $152.27. Lennar Co. has a 12 month low of $111.26 and a 12 month high of $187.61.

Lennar (NYSE:LEN) last released its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share 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 firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.44 billion. During the same period 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. On average, equities research analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 14.57%.

Lennar Company 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.