Skandinaviska Enskilda Banken AB publ raised its stake in Lennar Corporation (NYSE:LEN) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,523 shares of the construction company’s stock after acquiring an additional 3,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Lennar were worth $1,664,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in LEN. KBC Group NV grew its stake in shares of Lennar by 45.2% in the 3rd quarter. KBC Group NV now owns 24,130 shares of the construction company’s stock worth $1,274,000 after buying an additional 7,511 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Lennar by 35.5% in the 3rd quarter. Brown Advisory Inc. now owns 7,055 shares of the construction company’s stock worth $372,000 after buying an additional 1,848 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Lennar in the 3rd quarter worth $255,000. Zeke Capital Advisors LLC purchased a new position in shares of Lennar in the 3rd quarter worth $267,000. Finally, Trexquant Investment LP purchased a new position in shares of Lennar in the 3rd quarter worth $567,000. Institutional investors own 81.34% of the company’s stock.
LEN has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $64.00 price objective on shares of Lennar in a research note on Monday, September 25th. MKM Partners raised shares of Lennar from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Lennar from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Friday, September 15th. Bank of America lifted their price target on shares of Lennar from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Finally, BTIG Research lifted their price target on shares of Lennar from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Lennar presently has a consensus rating of “Hold” and a consensus target price of $57.93.
Lennar Corporation (LEN) traded down $1.12 during mid-day trading on Thursday, hitting $60.91. 3,864,600 shares of the company were exchanged, compared to its average volume of 2,460,521. Lennar Corporation has a 52-week low of $42.23 and a 52-week high of $63.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76. The stock has a market cap of $14,593.18, a PE ratio of 15.90, a PEG ratio of 1.26 and a beta of 1.35.
Lennar (NYSE:LEN) last released its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. Lennar had a net margin of 6.65% and a return on equity of 12.37%. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities research analysts predict that Lennar Corporation will post 4.04 earnings per share for the current fiscal year.
In other Lennar news, CFO Bruce E. Gross sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now directly owns 371,043 shares of the company’s stock, valued at approximately $22,262,580. The transaction was disclosed in a filing with the SEC, which is available through this link. 12.18% of the stock is owned by insiders.
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.
Receive News & Ratings for Lennar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Corporation and related companies with MarketBeat.com's FREE daily email newsletter.