Lennar Co. (LEN) Shares Bought by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. raised its holdings in shares of Lennar Co. (NYSE:LEN) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 313,127 shares of the construction company’s stock after buying an additional 924 shares during the quarter. Asset Management One Co. Ltd. owned about 0.13% of Lennar worth $16,524,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Lennar by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,516,323 shares of the construction company’s stock worth $400,771,000 after buying an additional 386,110 shares during the last quarter. Greenhaven Associates Inc. lifted its holdings in shares of Lennar by 0.9% during the second quarter. Greenhaven Associates Inc. now owns 5,420,516 shares of the construction company’s stock worth $289,022,000 after buying an additional 46,200 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Lennar by 25.0% during the second quarter. Principal Financial Group Inc. now owns 3,129,708 shares of the construction company’s stock worth $166,876,000 after buying an additional 625,329 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Lennar by 9.6% in the second quarter. Alliancebernstein L.P. now owns 2,295,966 shares of the construction company’s stock valued at $122,421,000 after purchasing an additional 201,379 shares in the last quarter. Finally, Capital Growth Management LP raised its stake in shares of Lennar by 28.2% in the third quarter. Capital Growth Management LP now owns 1,090,000 shares of the construction company’s stock valued at $57,552,000 after purchasing an additional 240,000 shares in the last quarter. Institutional investors own 81.34% of the company’s stock.
Lennar Co. (NYSE LEN) traded down $0.32 during trading on Thursday, reaching $61.11. The company’s stock had a trading volume of 2,756,500 shares, compared to its average volume of 2,461,378. The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72. Lennar Co. has a 1 year low of $42.23 and a 1 year high of $63.94. The firm has a market capitalization of $14,452.02, a price-to-earnings ratio of 15.75, a P/E/G ratio of 1.25 and a beta of 1.35.
Lennar (NYSE:LEN) last released its quarterly earnings data on Tuesday, October 3rd. The construction company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.05. Lennar had a return on equity of 12.37% and a net margin of 6.65%. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the company posted $1.01 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. sell-side analysts forecast that Lennar Co. will post 4.04 EPS for the current fiscal year.
A number of research analysts recently commented on LEN shares. Zacks Investment Research lowered Lennar from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. JMP Securities upgraded Lennar from a “market perform” rating to an “outperform” rating in a research note on Monday, November 6th. MKM Partners restated a “neutral” rating on shares of Lennar in a research note on Tuesday, September 5th. Mizuho restated a “hold” rating and issued a $53.00 target price on shares of Lennar in a research note on Friday, October 27th. Finally, BTIG Research upped their target price on Lennar from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $58.14.
In other Lennar news, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the chief financial officer now directly owns 371,043 shares in the company, valued at $22,262,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.18% of the company’s stock.
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Lennar Company Profile
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.
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