Commonwealth Retirement Investments LLC Buys 295 Shares of Lennar Co. (NYSE:LEN)

Commonwealth Retirement Investments LLC lifted its position in Lennar Co. (NYSE:LEN) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,522 shares of the construction company’s stock after purchasing an additional 295 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Lennar were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Lennar by 23,048.0% in the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after purchasing an additional 149,812 shares during the last quarter. Smead Capital Management Inc. lifted its stake in shares of Lennar by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after purchasing an additional 89,896 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Lennar by 147.6% in the third quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock worth $12,978,000 after buying an additional 41,264 shares during the last quarter. Polianta Ltd bought a new stake in Lennar during the fourth quarter valued at approximately $900,000. Finally, OneDigital Investment Advisors LLC increased its holdings in Lennar by 101.2% during the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $1,626,000 after buying an additional 4,363 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective 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. Wolfe Research lowered Lennar from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Bank of America reduced their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Citigroup lowered their price objective on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Royal Bank of Canada reduced their target price on shares of Lennar from $130.00 to $125.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $163.88.

Lennar Stock Down 0.7 %

Shares of LEN stock opened at $119.79 on Tuesday. The stock has a market cap of $31.81 billion, a P/E ratio of 8.35, a PEG ratio of 1.24 and a beta of 1.67. The company’s fifty day simple moving average is $132.46 and its two-hundred day simple moving average is $160.68. 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 52 week low of $117.90 and a 52 week high of $193.80.

Lennar (NYSE:LEN) last announced its quarterly earnings results 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 net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the company posted $4.82 earnings per share. Lennar’s quarterly revenue was down 9.3% on a year-over-year basis. Analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.67%. The ex-dividend date was Wednesday, January 29th. Lennar’s dividend payout ratio is presently 13.95%.

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.