WINTON GROUP Ltd decreased its holdings in Lennar Corporation (NYSE:LEN) by 92.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,292 shares of the construction company’s stock after selling 175,030 shares during the period. WINTON GROUP Ltd’s holdings in Lennar were worth $755,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in LEN. Strs Ohio raised its stake in Lennar by 0.4% in the second quarter. Strs Ohio now owns 18,136 shares of the construction company’s stock valued at $967,000 after buying an additional 68 shares during the period. Great West Life Assurance Co. Can raised its stake in Lennar by 6.4% in the second quarter. Great West Life Assurance Co. Can now owns 135,892 shares of the construction company’s stock valued at $7,238,000 after buying an additional 8,206 shares during the period. CIBC Asset Management Inc raised its stake in Lennar by 2.1% in the second quarter. CIBC Asset Management Inc now owns 21,019 shares of the construction company’s stock valued at $1,121,000 after buying an additional 423 shares during the period. Daiwa Securities Group Inc. raised its stake in Lennar by 9.7% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the construction company’s stock valued at $331,000 after buying an additional 550 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in Lennar in the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 81.34% of the company’s stock.
Several analysts have issued reports on the company. BidaskClub upgraded Lennar from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating and issued a $64.00 price objective on shares of Lennar in a research note on Monday, September 25th. KeyCorp reiterated a “hold” rating on shares of Lennar in a research note on Tuesday, September 26th. Bank of America increased their target price on Lennar from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Finally, MKM Partners upgraded Lennar from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $57.93.
In related news, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 371,043 shares of the company’s stock, valued at $22,262,580. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.18% of the company’s stock.
Shares of Lennar Corporation (LEN) traded down $1.12 during midday trading on Thursday, hitting $60.91. The stock had a trading volume of 3,864,600 shares, compared to its average volume of 2,460,521. The company has a market capitalization of $14,593.18, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.26 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76. Lennar Corporation has a one year low of $42.23 and a one year high of $63.94.
Lennar (NYSE:LEN) last announced its earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. Lennar had a return on equity of 12.37% and a net margin of 6.65%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. research analysts predict that Lennar Corporation will post 4.04 earnings per share for the current fiscal year.
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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