Lennar Co. (NYSE:LEN) is Asset Management Advisors LLC’s 3rd Largest Position

Asset Management Advisors LLC trimmed its position in shares of Lennar Co. (NYSE:LEN) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,027 shares of the construction company’s stock after selling 429 shares during the quarter. Lennar makes up approximately 6.9% of Asset Management Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Asset Management Advisors LLC’s holdings in Lennar were worth $9,942,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norden Group LLC purchased a new stake in Lennar in the 1st quarter valued at $349,000. GSA Capital Partners LLP purchased a new stake in Lennar in the 1st quarter valued at $702,000. Envestnet Portfolio Solutions Inc. grew its holdings in Lennar by 56.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,965 shares of the construction company’s stock valued at $1,198,000 after buying an additional 2,517 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in Lennar in the 1st quarter valued at $207,000. Finally, Forsta AP Fonden grew its holdings in Lennar by 12.1% in the 1st quarter. Forsta AP Fonden now owns 47,400 shares of the construction company’s stock valued at $8,152,000 after buying an additional 5,100 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LEN shares. Royal Bank of Canada upped their target price on Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a report on Monday, September 23rd. Zelman & Associates upgraded Lennar from a “neutral” rating to an “outperform” rating in a report on Monday, September 23rd. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Wedbush reiterated a “neutral” rating and set a $144.00 price target on shares of Lennar in a report on Friday, September 20th. Finally, The Goldman Sachs Group cut Lennar from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $180.56.

Lennar Stock Up 0.7 %

LEN stock traded up $1.17 during mid-day trading on Friday, reaching $172.58. The company had a trading volume of 1,220,560 shares, compared to its average volume of 1,993,768. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The firm has a fifty day simple moving average of $180.40 and a 200 day simple moving average of $168.26. Lennar Co. has a fifty-two week low of $118.92 and a fifty-two week high of $193.80.

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

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a $0.50 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. Lennar’s payout ratio is currently 13.25%.

Insider Activity

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 9.36% of the company’s stock.

Lennar Company Profile

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.