Greenwood Capital Associates LLC boosted its stake in Lennar Corporation (NYSE:LEN) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,845 shares of the construction company’s stock after buying an additional 415 shares during the period. Greenwood Capital Associates LLC’s holdings in Lennar Corporation were worth $312,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Lennar Corporation by 11.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 58,234 shares of the construction company’s stock valued at $3,105,000 after buying an additional 5,896 shares during the period. Pacer Advisors Inc. raised its stake in shares of Lennar Corporation by 8.6% in the second quarter. Pacer Advisors Inc. now owns 4,386 shares of the construction company’s stock valued at $234,000 after buying an additional 348 shares during the period. Utah Retirement Systems raised its stake in shares of Lennar Corporation by 10.3% in the second quarter. Utah Retirement Systems now owns 36,443 shares of the construction company’s stock valued at $1,943,000 after buying an additional 3,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Lennar Corporation by 16.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 51,591 shares of the construction company’s stock valued at $2,751,000 after buying an additional 7,126 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Lennar Corporation by 20.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 8,697 shares of the construction company’s stock valued at $464,000 after buying an additional 1,488 shares during the period. 81.09% of the stock is owned by institutional investors.

Shares of Lennar Corporation (LEN) opened at 50.71 on Thursday. Lennar Corporation has a 12 month low of $39.68 and a 12 month high of $55.75. The company has a market cap of $11.89 billion, a P/E ratio of 14.82 and a beta of 1.26. The stock’s 50 day moving average price is $53.24 and its 200-day moving average price is $51.51.

Lennar Corporation (NYSE:LEN) last issued its earnings results on Tuesday, June 20th. The construction company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. Equities research analysts expect that Lennar Corporation will post $3.82 earnings per share for the current year.

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Several brokerages recently weighed in on LEN. BidaskClub lowered Lennar Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research lowered Lennar Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $64.00 price objective on shares of Lennar Corporation in a report on Monday, August 21st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 price objective on shares of Lennar Corporation in a report on Thursday, July 27th. Finally, Argus reissued a “buy” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Lennar Corporation in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $56.41.

In other news, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the transaction, the chief operating officer now directly owns 139,433 shares in the company, valued at approximately $7,413,652.61. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 12.18% of the company’s stock.

Lennar Corporation 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.

Institutional Ownership by Quarter for Lennar Corporation (NYSE:LEN)

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