UBS Asset Management Americas Inc. Purchases 3,752 Shares of Lennar Corporation (LEN)
UBS Asset Management Americas Inc. increased its position in Lennar Corporation (NYSE:LEN) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,922,632 shares of the construction company’s stock after purchasing an additional 3,752 shares during the period. UBS Asset Management Americas Inc. owned approximately 1.44% of Lennar Corporation worth $155,835,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of LEN. Mutual of America Capital Management LLC lifted its stake in Lennar Corporation by 5.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 24,539 shares of the construction company’s stock valued at $1,308,000 after acquiring an additional 1,243 shares in the last quarter. ProShare Advisors LLC lifted its stake in Lennar Corporation by 2.5% during the 2nd quarter. ProShare Advisors LLC now owns 55,664 shares of the construction company’s stock valued at $2,968,000 after acquiring an additional 1,383 shares in the last quarter. Profund Advisors LLC lifted its stake in Lennar Corporation by 22.0% during the 2nd quarter. Profund Advisors LLC now owns 5,764 shares of the construction company’s stock valued at $307,000 after acquiring an additional 1,038 shares in the last quarter. Stevens Capital Management LP lifted its stake in Lennar Corporation by 374.1% during the 2nd quarter. Stevens Capital Management LP now owns 114,099 shares of the construction company’s stock valued at $6,084,000 after acquiring an additional 90,035 shares in the last quarter. Finally, BT Investment Management Ltd bought a new position in Lennar Corporation during the 2nd quarter valued at $939,000. Institutional investors own 81.08% of the company’s stock.
Lennar Corporation (NYSE LEN) traded down 0.93% on Wednesday, reaching $51.33. The company’s stock had a trading volume of 223,911 shares. The stock has a market cap of $12.04 billion, a P/E ratio of 15.00 and a beta of 1.24. The stock has a 50-day moving average of $52.22 and a 200-day moving average of $52.03. Lennar Corporation has a one year low of $39.68 and a one year high of $55.75.
Lennar Corporation (NYSE:LEN) last posted its quarterly earnings data on Tuesday, June 20th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, analysts predict that Lennar Corporation will post $3.82 EPS for the current fiscal year.
In other news, COO Jonathan M. Jaffe sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 139,433 shares of the company’s stock, valued at $7,413,652.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.18% of the stock is owned by company insiders.
LEN has been the topic of several recent analyst reports. Zacks Investment Research upgraded Lennar Corporation from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, June 16th. Royal Bank Of Canada raised their price objective on Lennar Corporation from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. BidaskClub upgraded Lennar Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Credit Suisse Group initiated coverage on Lennar Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, Wedbush restated a “neutral” rating and set a $46.00 price objective on shares of Lennar Corporation in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $56.47.
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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.
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