Lennar Co. (NYSE:LEN) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV cut its position in shares of Lennar Co. (NYSE:LEN) by 13.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,832 shares of the construction company’s stock after selling 1,674 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Lennar were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Long Pond Capital LP boosted its holdings in Lennar by 21.1% in the 1st quarter. Long Pond Capital LP now owns 2,327,633 shares of the construction company’s stock valued at $114,264,000 after purchasing an additional 405,962 shares during the period. Smead Capital Management Inc. lifted its holdings in shares of Lennar by 0.9% during the 1st quarter. Smead Capital Management Inc. now owns 1,544,021 shares of the construction company’s stock worth $75,796,000 after acquiring an additional 14,140 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Lennar by 0.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,123,228 shares of the construction company’s stock worth $55,139,000 after acquiring an additional 2,904 shares during the period. Swiss National Bank lifted its holdings in shares of Lennar by 2.8% during the 1st quarter. Swiss National Bank now owns 975,388 shares of the construction company’s stock worth $47,882,000 after acquiring an additional 27,000 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Lennar by 15.5% during the 1st quarter. Clearbridge Investments LLC now owns 669,606 shares of the construction company’s stock worth $32,871,000 after acquiring an additional 90,079 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Shares of Lennar stock opened at $48.51 on Friday. The firm has a market cap of $16.20 billion, a PE ratio of 7.64, a PEG ratio of 1.10 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 13.93 and a quick ratio of 0.79. Lennar Co. has a 1 year low of $37.29 and a 1 year high of $54.50. The company has a 50 day simple moving average of $48.09 and a two-hundred day simple moving average of $49.69.

Lennar (NYSE:LEN) last issued its earnings results on Tuesday, June 25th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.13 by $0.17. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.13 billion. Lennar had a net margin of 8.86% and a return on equity of 12.03%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. As a group, research analysts anticipate that Lennar Co. will post 5.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Wednesday, July 10th. Lennar’s payout ratio is currently 2.52%.

In other news, President Jonathan M. Jaffe sold 20,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $49.04, for a total transaction of $980,800.00. Following the completion of the sale, the president now owns 346,946 shares of the company’s stock, valued at approximately $17,014,231.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.43% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on LEN shares. Zacks Investment Research downgraded shares of Lennar from a “hold” rating to a “sell” rating and set a $53.00 price target for the company. in a report on Thursday, May 30th. BTIG Research set a $65.00 price objective on shares of Lennar and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Raymond James cut shares of Lennar from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Wedbush set a $62.00 price target on shares of Lennar and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, ValuEngine cut shares of Lennar from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. Lennar currently has a consensus rating of “Buy” and an average target price of $56.37.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Lennar Financial Services, Lennar Multifamily, and Rialto segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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