Nordea Investment Management AB lifted its holdings in shares of Lennar Corporation (NYSE:LEN) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,815 shares of the construction company’s stock after buying an additional 155 shares during the quarter. Nordea Investment Management AB’s holdings in Lennar Corporation were worth $3,936,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LEN. D.A. Davidson & CO. raised its stake in shares of Lennar Corporation by 8.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after buying an additional 155 shares during the period. Commonwealth Bank of Australia raised its stake in shares of Lennar Corporation by 32.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock worth $114,000 after buying an additional 530 shares during the period. Washington Trust Bank raised its stake in shares of Lennar Corporation by 47.6% during the 2nd quarter. Washington Trust Bank now owns 2,462 shares of the construction company’s stock worth $131,000 after buying an additional 794 shares during the period. MUFG Americas Holdings Corp raised its stake in shares of Lennar Corporation by 7.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock worth $173,000 after buying an additional 220 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Lennar Corporation by 27.0% during the 1st quarter. Pacer Advisors Inc. now owns 4,038 shares of the construction company’s stock worth $207,000 after buying an additional 859 shares during the period. 81.08% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on LEN shares. Zacks Investment Research downgraded Lennar Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Wedbush reaffirmed a “neutral” rating and set a $46.00 target price on shares of Lennar Corporation in a research note on Thursday, June 15th. BidaskClub downgraded Lennar Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada upped their target price on Lennar Corporation from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 21st. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $63.00 target price (up from $60.00) on shares of Lennar Corporation in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $56.25.

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Shares of Lennar Corporation (NYSE LEN) opened at 52.80 on Friday. The firm has a 50-day moving average price of $52.22 and a 200 day moving average price of $52.03. Lennar Corporation has a one year low of $39.68 and a one year high of $55.75. The stock has a market capitalization of $12.38 billion, a PE ratio of 15.43 and a beta of 1.24.

In other news, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $53.17, for a total value of $1,063,400.00. Following the completion of the transaction, the chief operating officer now directly owns 139,433 shares of the company’s stock, valued at $7,413,652.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.18% of the company’s stock.

Lennar Corporation 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.

Institutional Ownership by Quarter for Lennar Corporation (NYSE:LEN)

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