Caisse DE Depot ET Placement DU Quebec increased its position in Lennar Co. (NYSE:LEN) by 179.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,843 shares of the construction company’s stock after acquiring an additional 42,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Lennar were worth $3,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in shares of Lennar by 8.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after purchasing an additional 155 shares during the period. Commonwealth Bank of Australia increased its holdings in shares of Lennar by 32.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock worth $114,000 after purchasing an additional 530 shares during the period. QS Investors LLC increased its holdings in shares of Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after purchasing an additional 25 shares during the period. MUFG Americas Holdings Corp increased its holdings in shares of Lennar by 7.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock worth $173,000 after purchasing an additional 220 shares during the period. Finally, Chartist Inc. CA bought a new position in shares of Lennar during the 2nd quarter worth about $200,000. Hedge funds and other institutional investors own 81.34% of the company’s stock.

Shares of Lennar Co. (NYSE LEN) traded up $0.47 during mid-day trading on Monday, hitting $62.18. 2,041,000 shares of the stock were exchanged, compared to its average volume of 2,457,978. Lennar Co. has a 12 month low of $42.23 and a 12 month high of $63.94. The firm has a market capitalization of $14,628.47, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.26 and a beta of 1.35. 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 (NYSE:LEN) last announced its earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. Lennar had a net margin of 6.65% and a return on equity of 12.37%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the business earned $1.01 earnings per share. Lennar’s quarterly revenue was up 15.1% on a year-over-year basis. equities research analysts anticipate that Lennar Co. will post 4.04 earnings per share for the current year.

Several research analysts have recently issued reports on the stock. JMP Securities upgraded shares of Lennar from a “market perform” rating to an “outperform” rating in a report on Monday, November 6th. Mizuho restated a “hold” rating and set a $53.00 price objective on shares of Lennar in a report on Friday, October 27th. UBS assumed coverage on shares of Lennar in a research report on Wednesday, October 25th. They set a “buy” rating on the stock. BTIG Research lifted their target price on shares of Lennar from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. Finally, Bank of America lifted their target price on shares of Lennar from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $57.93.

In other news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $56.48, for a total transaction of $282,400.00. Following the transaction, the chief financial officer now directly owns 376,043 shares in the company, valued at $21,238,908.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.18% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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