CIBC World Markets Inc. cut its stake in Lennar Corporation (NYSE:LEN) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,956 shares of the construction company’s stock after selling 496 shares during the period. CIBC World Markets Inc.’s holdings in Lennar Corporation were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Sanders Capital LLC grew its position in shares of Lennar Corporation by 1.3% in the first quarter. Sanders Capital LLC now owns 8,724,399 shares of the construction company’s stock valued at $456,887,000 after purchasing an additional 110,379 shares in the last quarter. Aristotle Capital Management LLC grew its position in shares of Lennar Corporation by 1.3% in the first quarter. Aristotle Capital Management LLC now owns 5,767,575 shares of the construction company’s stock valued at $295,242,000 after purchasing an additional 73,814 shares in the last quarter. Greenhaven Associates Inc. grew its position in shares of Lennar Corporation by 0.9% in the second quarter. Greenhaven Associates Inc. now owns 5,420,516 shares of the construction company’s stock valued at $289,022,000 after purchasing an additional 46,200 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Lennar Corporation by 25.0% in the second quarter. Principal Financial Group Inc. now owns 3,129,708 shares of the construction company’s stock valued at $166,876,000 after purchasing an additional 625,329 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Lennar Corporation by 14.1% in the first quarter. UBS Asset Management Americas Inc. now owns 2,918,880 shares of the construction company’s stock valued at $149,417,000 after purchasing an additional 361,684 shares in the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Lennar Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Friday. Wedbush restated a “neutral” rating and issued a $54.00 price target on shares of Lennar Corporation in a research report on Thursday. MKM Partners restated a “neutral” rating on shares of Lennar Corporation in a research report on Tuesday, September 5th. BidaskClub lowered Lennar Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $64.00 price target on shares of Lennar Corporation in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten 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 a consensus price target of $56.82.

Lennar Corporation (NYSE:LEN) opened at 51.31 on Monday. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 15.00 and a beta of 1.24. The stock’s 50 day moving average price is $52.26 and its 200 day moving average price is $51.96. Lennar Corporation has a 52-week low of $39.68 and a 52-week high of $55.75.

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

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In other news, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 12.18% of the stock is owned by insiders.

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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