PGGM Investments Has $8.08 Million Holdings in Lennar Co. (NYSE:LEN)

PGGM Investments increased its stake in shares of Lennar Co. (NYSE:LEN) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 59,221 shares of the construction company’s stock after acquiring an additional 776 shares during the quarter. PGGM Investments’ holdings in Lennar were worth $8,076,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LEN shares. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. BTIG Research cut shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Seaport Res Ptn raised Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Finally, UBS Group decreased their target price on Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Lennar presently has a consensus rating of “Hold” and an average price target of $163.19.

Lennar Trading Down 2.2 %

Shares of NYSE:LEN opened at $118.76 on Thursday. The firm has a market cap of $31.53 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.24 and a beta of 1.69. Lennar Co. has a 12 month low of $116.67 and a 12 month high of $187.61. The company’s fifty day simple moving average is $128.24 and its 200 day simple moving average is $156.40. 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 Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.82 EPS. As a group, research analysts forecast that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is currently 13.95%.

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.