Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.86 Million Stock Holdings in Lennar Corporation $LEN

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Lennar Corporation (NYSE:LEN) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,001 shares of the construction company’s stock after buying an additional 3,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Lennar were worth $5,862,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of Lennar during the 2nd quarter valued at $33,000. Disciplina Capital Management LLC boosted its stake in shares of Lennar by 179.8% during the first quarter. Disciplina Capital Management LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 214 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Lennar during the first quarter worth about $44,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lennar in the second quarter valued at approximately $43,000. Finally, Valley National Advisers Inc. raised its holdings in Lennar by 34.7% in the 1st quarter. Valley National Advisers Inc. now owns 466 shares of the construction company’s stock valued at $53,000 after buying an additional 120 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEN has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on shares of Lennar from $135.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. Wedbush restated a “neutral” rating and issued a $130.00 price objective on shares of Lennar in a report on Monday, September 22nd. Royal Bank Of Canada lifted their target price on Lennar from $98.00 to $106.00 and gave the stock a “sector perform” rating in a report on Monday, September 22nd. JMP Securities increased their price target on Lennar from $130.00 to $140.00 and gave the company a “market outperform” rating in a research note on Monday, September 22nd. Finally, The Goldman Sachs Group raised their price objective on Lennar from $122.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.75.

Lennar Stock Performance

LEN stock opened at $124.18 on Thursday. The stock has a 50-day moving average price of $129.26 and a 200-day moving average price of $117.93. Lennar Corporation has a 1-year low of $98.42 and a 1-year high of $180.12. The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The firm has a market cap of $31.67 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 5.97 and a beta of 1.37.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.14 by $0.15. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter in the prior year, the company earned $3.90 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts expect that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were paid a $0.50 dividend. The ex-dividend date was Friday, October 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. Lennar’s payout ratio is currently 19.76%.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s 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; and development, construction, and management of multifamily rental properties.