Chartist Inc. CA purchased a new stake in shares of Lennar Corporation (NYSE:LEN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,760 shares of the construction company’s stock, valued at approximately $200,000.

Other large investors have also recently bought and sold shares of the company. D.A. Davidson & CO. raised its holdings in Lennar Corporation by 8.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock valued at $101,000 after buying an additional 155 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in Lennar Corporation by 32.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock valued at $114,000 after buying an additional 530 shares during the last quarter. Washington Trust Bank raised its holdings in Lennar Corporation by 47.6% during the 2nd quarter. Washington Trust Bank now owns 2,462 shares of the construction company’s stock valued at $131,000 after buying an additional 794 shares during the last quarter. QS Investors LLC raised its holdings in Lennar Corporation by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after buying an additional 25 shares during the last quarter. Finally, MUFG Americas Holdings Corp raised its holdings in Lennar Corporation by 7.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock valued at $173,000 after buying an additional 220 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

In related news, CFO Bruce E. Gross sold 5,000 shares of Lennar Corporation stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $56.48, for a total value of $282,400.00. Following the completion of the sale, the chief financial officer now directly owns 376,043 shares in the company, valued at $21,238,908.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.18% of the company’s stock.

Shares of Lennar Corporation (NYSE:LEN) traded down 0.32% on Friday, hitting $55.89. 2,830,480 shares of the company traded hands. The firm’s 50-day moving average is $51.83 and its 200 day moving average is $52.10. Lennar Corporation has a 1-year low of $39.68 and a 1-year high of $56.78. The firm has a market capitalization of $13.11 billion, a P/E ratio of 16.34 and a beta of 1.22.

Lennar Corporation (NYSE:LEN) last released its quarterly earnings data on Tuesday, October 3rd. The construction company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.25 billion. Lennar Corporation had a return on equity of 12.52% and a net margin of 6.65%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. On average, analysts anticipate that Lennar Corporation will post $3.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 2nd. Investors of record on Thursday, October 19th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $0.16 annualized dividend and a dividend yield of 0.29%. Lennar Corporation’s payout ratio is currently 4.61%.

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A number of research firms recently commented on LEN. BTIG Research upped their price target on shares of Lennar Corporation from $62.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America Corporation upped their price target on shares of Lennar Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup Inc. reiterated a “neutral” rating and set a $59.00 price target (up from $57.00) on shares of Lennar Corporation in a report on Wednesday. MKM Partners upgraded shares of Lennar Corporation from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a report on Wednesday. Finally, KeyCorp reiterated a “hold” rating on shares of Lennar Corporation in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $57.63.

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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