Banco de Sabadell S.A lifted its position in shares of Lennar Co. (NYSE:LEN) by 57.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,045 shares of the construction company’s stock after purchasing an additional 7,703 shares during the period. Banco de Sabadell S.A’s holdings in Lennar were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp grew its holdings in shares of Lennar by 117.2% during the first quarter. Dupont Capital Management Corp now owns 2,791 shares of the construction company’s stock worth $165,000 after purchasing an additional 1,506 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of 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 worth $157,000 after purchasing an additional 2,470 shares during the last quarter. Ayalon Holdings Ltd. bought a new stake in shares of Lennar during the second quarter worth about $158,000. Doyle Wealth Management bought a new stake in shares of Lennar during the first quarter worth about $209,000. Finally, Seven Eight Capital LP bought a new stake in Lennar in the first quarter valued at approximately $214,000. Institutional investors own 85.81% of the company’s stock.
In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the transaction, the chief operating officer now directly owns 212,333 shares of the company’s stock, valued at $11,066,795.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.50% of the stock is currently owned by insiders.
Shares of LEN opened at $52.35 on Friday. Lennar Co. has a 52-week low of $48.71 and a 52-week high of $72.17. The company has a current ratio of 11.81, a quick ratio of 0.76 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 0.44 and a beta of 1.25.
Lennar (NYSE:LEN) last issued its quarterly earnings results on Tuesday, June 26th. The construction company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $1.13. Lennar had a return on equity of 12.82% and a net margin of 6.49%. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. The company’s revenue was up 67.4% compared to the same quarter last year. equities analysts predict that Lennar Co. will post 6.1 earnings per share for the current year.
Several analysts recently commented on the company. Zacks Investment Research upgraded Lennar from a “hold” rating to a “strong-buy” rating and set a $59.00 target price on the stock in a report on Thursday, June 28th. Bank of America upped their target price on Lennar from $90.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, June 27th. Barclays reiterated an “overweight” rating and issued a $65.00 target price (down from $72.00) on shares of Lennar in a report on Wednesday, June 27th. Maxim Group reduced their target price on Lennar from $83.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, May 23rd. Finally, Citigroup assumed coverage on Lennar in a report on Tuesday, June 19th. They issued a “buy” rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $71.69.
Lennar Company Profile
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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