New Age Alpha Advisors LLC Takes $3.56 Million Position in Lennar Co. (NYSE:LEN)

New Age Alpha Advisors LLC acquired a new position in Lennar Co. (NYSE:LEN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,137 shares of the construction company’s stock, valued at approximately $3,564,000.

A number of other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. increased its position in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Crews Bank & Trust bought a new position in Lennar in the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Lennar during the 4th quarter worth $28,000. ORG Wealth Partners LLC purchased a new stake in shares of Lennar in the 4th quarter worth $32,000. Finally, Wolff Wiese Magana LLC raised its holdings in Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock worth $32,000 after purchasing an additional 79 shares during the period. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Evercore ISI restated an “in-line” rating and issued a $131.00 price target (down previously from $159.00) on shares of Lennar in a research report on Monday, March 24th. UBS Group decreased their target price on shares of Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. dropped their price target 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. StockNews.com downgraded shares of Lennar from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, The Goldman Sachs Group cut their price target on Lennar from $141.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lennar has a consensus rating of “Hold” and a consensus target price of $151.07.

Lennar Price Performance

Lennar stock opened at $113.83 on Friday. Lennar Co. has a 52-week low of $111.26 and a 52-week high of $187.61. The company has a market cap of $30.22 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.24 and a beta of 1.69. The firm’s fifty day moving average is $124.05 and its 200 day moving average is $151.33. 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 released its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.70 by $0.44. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $2.57 earnings per share. Sell-side analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, January 29th. Lennar’s payout ratio is 14.57%.

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.