BB&T Securities LLC lowered its stake in Lennar Co. (NYSE:LEN) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,832 shares of the construction company’s stock after selling 3,750 shares during the period. BB&T Securities LLC’s holdings in Lennar were worth $6,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lennar in the fourth quarter worth about $103,000. First Personal Financial Services purchased a new position in Lennar during the 4th quarter valued at about $140,000. Independence Bank of Kentucky purchased a new position in Lennar during the 4th quarter valued at about $153,000. NuWave Investment Management LLC purchased a new position in Lennar during the 4th quarter valued at about $203,000. Finally, Pitcairn Co. purchased a new position in Lennar during the 4th quarter valued at about $214,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

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Lennar stock opened at $59.90 on Thursday. Lennar Co. has a twelve month low of $49.34 and a twelve month high of $72.17. The company has a current ratio of 8.42, a quick ratio of 1.67 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $14,171.98, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 0.61 and a beta of 1.31.

Lennar (NYSE:LEN) last posted its earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the company posted $1.34 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. sell-side analysts expect that Lennar Co. will post 5.29 earnings per share for the current fiscal year.

In other news, CFO Bruce E. Gross sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $72.00, for a total value of $648,000.00. Following the sale, the chief financial officer now directly owns 346,043 shares of the company’s stock, valued at approximately $24,915,096. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bruce E. Gross sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $69.43, for a total value of $347,150.00. Following the completion of the sale, the chief financial officer now directly owns 361,043 shares in the company, valued at $25,067,215.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,000 shares of company stock worth $12,092,050. Insiders own 8.50% of the company’s stock.

A number of research analysts recently issued reports on the company. Credit Suisse Group restated a “neutral” rating and set a $65.00 price target (up previously from $57.00) on shares of Lennar in a report on Thursday, January 11th. Wells Fargo upgraded Lennar from a “market perform” rating to an “outperform” rating and set a $74.00 price target on the stock in a report on Tuesday, January 2nd. ValuEngine upgraded Lennar from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a $77.00 price target on shares of Lennar in a report on Tuesday, February 13th. Finally, Zacks Investment Research downgraded Lennar from a “buy” rating to a “hold” rating in a report on Monday, January 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $67.93.

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About Lennar

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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