Lennar Co. (NYSE:LEN) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Lennar Co. (NYSE:LEN) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,851 shares of the construction company’s stock after acquiring an additional 4,019 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Lennar were worth $16,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LEN. Ranch Capital Advisors Inc. grew its stake in Lennar by 7.3% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 4,200 shares of the construction company’s stock worth $629,000 after buying an additional 285 shares during the last quarter. Brighton Jones LLC grew its stake in Lennar by 8.3% during the 2nd quarter. Brighton Jones LLC now owns 1,587 shares of the construction company’s stock worth $238,000 after buying an additional 121 shares during the last quarter. XTX Topco Ltd grew its stake in Lennar by 1,060.0% during the 2nd quarter. XTX Topco Ltd now owns 17,737 shares of the construction company’s stock worth $2,658,000 after buying an additional 16,208 shares during the last quarter. First Washington CORP grew its stake in Lennar by 2.8% during the 2nd quarter. First Washington CORP now owns 13,928 shares of the construction company’s stock worth $2,087,000 after buying an additional 382 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its stake in Lennar by 16.0% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 20,735 shares of the construction company’s stock worth $3,108,000 after buying an additional 2,860 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on LEN shares. Wells Fargo & Company upped their price objective on Lennar from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. StockNews.com raised Lennar from a “hold” rating to a “buy” rating in a research note on Friday. Raymond James cut Lennar from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. decreased their price target on Lennar from $157.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Finally, JMP Securities reissued a “market outperform” rating and issued a $170.00 price target on shares of Lennar in a research note on Thursday, June 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $174.61.

Lennar Trading Down 5.2 %

Shares of Lennar stock opened at $182.48 on Friday. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The firm has a market cap of $50.11 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The business has a fifty day simple moving average of $176.53 and a 200-day simple moving average of $163.96. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $193.80.

Lennar (NYSE:LEN) last announced its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The business had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same period in the prior year, the business posted $3.91 earnings per share. Lennar’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Lennar Co. will post 14.16 EPS for the current fiscal year.

Lennar Profile

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.