MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Lennar Co. (NYSE:LEN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,900 shares of the construction company’s stock, valued at approximately $508,000.

A number of other large investors have also recently modified their holdings of LEN. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Lennar by 475.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,990 shares of the construction company’s stock valued at $157,000 after acquiring an additional 2,470 shares in the last quarter. Ayalon Holdings Ltd. purchased a new position in Lennar during the second quarter valued at approximately $158,000. Usca Ria LLC purchased a new position in Lennar during the second quarter valued at approximately $203,000. Levin Capital Strategies L.P. purchased a new position in Lennar during the second quarter valued at approximately $210,000. Finally, Dupont Capital Management Corp grew its stake in Lennar by 46.5% during the second quarter. Dupont Capital Management Corp now owns 4,089 shares of the construction company’s stock valued at $215,000 after acquiring an additional 1,298 shares in the last quarter. 86.34% of the stock is owned by institutional investors.

LEN stock opened at $39.37 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 12.62 and a quick ratio of 0.72. Lennar Co. has a one year low of $39.29 and a one year high of $72.17. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 0.45 and a beta of 1.23.

Lennar (NYSE:LEN) last released its quarterly earnings results on Wednesday, October 3rd. The construction company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.11. Lennar had a net margin of 6.76% and a return on equity of 12.87%. The business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The business’s quarterly revenue was up 73.9% compared to the same quarter last year. As a group, equities research analysts forecast that Lennar Co. will post 4.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 2nd. Shareholders of record on Friday, October 19th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. Lennar’s dividend payout ratio is presently 4.20%.

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $46.98, for a total value of $939,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.50% of the stock is owned by insiders.

Several equities analysts recently commented on LEN shares. Citigroup reduced their price objective on shares of Lennar from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, October 4th. Royal Bank of Canada set a $63.00 price objective on shares of Lennar and gave the company a “buy” rating in a research note on Thursday, October 4th. They noted that the move was a valuation call. Bank of America boosted their price objective on shares of Lennar from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, June 27th. Mizuho set a $65.00 price objective on shares of Lennar and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Finally, Barclays set a $63.00 price objective on shares of Lennar and gave the company a “buy” rating in a research note on Friday, September 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.75.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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