Great West Life Assurance Co. Can grew its holdings in shares of Lennar Corporation (NYSE:LEN) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,387 shares of the construction company’s stock after purchasing an additional 3,495 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Lennar worth $7,271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. D.A. Davidson & CO. boosted its stake in Lennar by 8.9% during the second 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 in the last quarter. Commonwealth Bank of Australia boosted its stake in Lennar by 32.4% during the second 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 in the last quarter. QS Investors LLC boosted its stake in Lennar by 1.0% during the second 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 in the last quarter. MUFG Americas Holdings Corp boosted its stake in Lennar by 7.3% during the second 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 in the last quarter. Finally, Chartist Inc. CA bought a new position in Lennar during the second quarter valued at about $200,000. 81.34% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on LEN shares. UBS started coverage on Lennar in a research note on Wednesday, October 25th. They set a “buy” rating for the company. Zacks Investment Research raised Lennar from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Friday, September 15th. BidaskClub raised Lennar from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. MKM Partners raised Lennar from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Wednesday, October 4th. Finally, Bank of America raised their target price on Lennar from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Lennar has an average rating of “Hold” and a consensus price target of $57.93.

Lennar Corporation (NYSE:LEN) traded down $1.12 during trading hours on Thursday, hitting $60.91. The company had a trading volume of 3,864,600 shares, compared to its average volume of 2,460,521. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59. Lennar Corporation has a fifty-two week low of $42.23 and a fifty-two week high of $63.94. The firm has a market cap of $14,593.18, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.35.

Lennar (NYSE:LEN) last released its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Lennar had a return on equity of 12.37% and a net margin of 6.65%. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company posted $1.01 EPS. Lennar’s revenue for the quarter was up 15.1% on a year-over-year basis. analysts anticipate that Lennar Corporation will post 4.04 EPS for the current year.

In related news, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 371,043 shares in the company, valued at approximately $22,262,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.18% of the company’s stock.

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Lennar 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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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