Sapient Capital LLC Has $28.68 Million Stock Position in Lennar Corporation $LEN

Sapient Capital LLC lowered its holdings in shares of Lennar Corporation (NYSE:LEN) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 224,825 shares of the construction company’s stock after selling 7,589 shares during the period. Sapient Capital LLC’s holdings in Lennar were worth $28,683,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. denkapparat Operations GmbH acquired a new position in shares of Lennar during the second quarter worth approximately $408,000. MBB Public Markets I LLC bought a new position in Lennar during the first quarter worth $298,000. Swiss National Bank raised its stake in Lennar by 4.3% during the 2nd quarter. Swiss National Bank now owns 702,872 shares of the construction company’s stock valued at $77,745,000 after purchasing an additional 29,300 shares during the last quarter. Waverton Investment Management Ltd bought a new stake in Lennar in the 2nd quarter valued at $1,051,000. Finally, SCS Capital Management LLC acquired a new stake in Lennar in the 1st quarter worth $420,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Price Performance

Shares of LEN stock opened at $104.76 on Friday. The stock’s fifty day simple moving average is $121.02 and its 200 day simple moving average is $121.45. Lennar Corporation has a one year low of $98.42 and a one year high of $144.24. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 1.14 and a beta of 1.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the business posted $4.03 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, analysts expect that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LEN has been the subject of several research reports. Citigroup reiterated an “outperform” rating on shares of Lennar in a research note on Monday, September 22nd. Evercore ISI downgraded Lennar from an “in-line” rating to an “underperform” rating and reduced their price objective for the stock from $114.00 to $92.00 in a research report on Thursday, December 18th. BTIG Research set a $90.00 price objective on Lennar in a research report on Thursday, December 18th. Raymond James Financial lowered Lennar from a “market perform” rating to an “underperform” rating in a research note on Monday, September 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $130.00 price target on shares of Lennar in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $109.62.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.