Robeco Institutional Asset Management B.V. Has $52.59 Million Stock Position in Lennar Co. (NYSE:LEN)

Robeco Institutional Asset Management B.V. cut its position in shares of Lennar Co. (NYSE:LEN) by 45.3% in the third quarter, Holdings Channel reports. The firm owned 280,488 shares of the construction company’s stock after selling 232,292 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Lennar were worth $52,586,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Norden Group LLC bought a new position in Lennar during the first quarter valued at approximately $349,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Lennar by 1.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,222 shares of the construction company’s stock valued at $8,809,000 after purchasing an additional 943 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Lennar by 544.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,248 shares of the construction company’s stock worth $5,890,000 after purchasing an additional 28,935 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Lennar during the 1st quarter worth about $702,000. Finally, Mediolanum International Funds Ltd acquired a new position in Lennar during the first quarter valued at approximately $3,832,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LEN shares. Citigroup boosted their target price on shares of Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Bank of America lifted their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. raised their price target on shares of Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Finally, JMP Securities upped their target price on shares of Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Lennar has a consensus rating of “Hold” and a consensus price target of $181.11.

Insider Activity

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.36% of the company’s stock.

Lennar Stock Up 1.8 %

LEN stock opened at $172.63 on Tuesday. Lennar Co. has a 1-year low of $116.62 and a 1-year high of $193.80. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a market cap of $46.82 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.62. The company’s 50 day moving average is $181.12 and its 200 day moving average is $167.90.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.91 earnings per share. Sell-side analysts predict that Lennar Co. will post 14.18 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.16%. Lennar’s payout ratio is 13.25%.

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, Financial Services, Multifamily, and Lennar Other 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; and development, construction, and management of multifamily rental properties.