First Washington CORP continued to hold its position in Lennar Corporation (NYSE:LEN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,100 shares of the construction company’s stock at the end of the second quarter. Lennar Corporation accounts for 1.6% of First Washington CORP’s holdings, making the stock its 28th biggest holding. First Washington CORP’s holdings in Lennar Corporation were worth $3,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its position in shares of Lennar Corporation by 9.7% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the construction company’s stock valued at $331,000 after purchasing an additional 550 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of Lennar Corporation by 24.9% in the first quarter. Xact Kapitalforvaltning AB now owns 17,449 shares of the construction company’s stock valued at $893,000 after purchasing an additional 3,480 shares during the period. National Pension Service raised its position in shares of Lennar Corporation by 9.8% in the second quarter. National Pension Service now owns 235,689 shares of the construction company’s stock valued at $12,421,000 after purchasing an additional 21,075 shares during the period. LMR Partners LLP raised its position in shares of Lennar Corporation by 43.5% in the second quarter. LMR Partners LLP now owns 14,295 shares of the construction company’s stock valued at $762,000 after purchasing an additional 4,333 shares during the period. Finally, Smead Capital Management Inc. raised its position in shares of Lennar Corporation by 17.2% in the first quarter. Smead Capital Management Inc. now owns 1,302,102 shares of the construction company’s stock valued at $66,655,000 after purchasing an additional 191,215 shares during the period. 81.09% of the stock is currently owned by institutional investors.

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

Lennar Corporation (NYSE LEN) traded up 0.62% during midday trading on Tuesday, reaching $52.06. 248,776 shares of the company’s stock were exchanged. Lennar Corporation has a 12 month low of $39.68 and a 12 month high of $55.75. The company has a 50 day moving average price of $52.46 and a 200 day moving average price of $51.92. The company has a market cap of $12.21 billion, a P/E ratio of 15.22 and a beta of 1.24.

Lennar Corporation (NYSE:LEN) last issued its quarterly earnings data on Tuesday, June 20th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, equities analysts anticipate that Lennar Corporation will post $3.82 EPS for the current year.

A number of equities analysts have recently commented on LEN shares. Zacks Investment Research raised shares of Lennar Corporation from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Tuesday, May 23rd. Deutsche Bank AG reissued a “hold” rating and issued a $53.00 price target (up previously from $52.00) on shares of Lennar Corporation in a research report on Thursday, June 22nd. Credit Suisse Group started coverage on shares of Lennar Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $55.00 price target on the stock. Royal Bank Of Canada lifted their price target on shares of Lennar Corporation from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, June 21st. Finally, Argus reissued a “buy” rating and issued a $60.00 price target (up previously from $57.00) on shares of Lennar Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Lennar Corporation presently has a consensus rating of “Buy” and an average price target of $56.41.

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Lennar Corporation 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.

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

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