Axa S.A. Has $3.08 Million Holdings in Lennar Co. (NYSE:LEN)

Axa S.A. decreased its position in Lennar Co. (NYSE:LEN) by 38.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,527 shares of the construction company’s stock after selling 12,684 shares during the period. Axa S.A.’s holdings in Lennar were worth $3,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LEN. Gilbert & Cook Inc. lifted its stake in Lennar by 5.5% during the fourth quarter. Gilbert & Cook Inc. now owns 4,053 shares of the construction company’s stock worth $604,000 after purchasing an additional 211 shares during the last quarter. Scotia Capital Inc. grew its holdings in Lennar by 1.6% during the 4th quarter. Scotia Capital Inc. now owns 6,661 shares of the construction company’s stock worth $993,000 after acquiring an additional 103 shares during the period. Bank of Nova Scotia grew its holdings in Lennar by 17.3% during the 4th quarter. Bank of Nova Scotia now owns 49,724 shares of the construction company’s stock worth $7,411,000 after acquiring an additional 7,350 shares during the period. Eagle Asset Management Inc. grew its holdings in Lennar by 26.8% during the 4th quarter. Eagle Asset Management Inc. now owns 51,935 shares of the construction company’s stock worth $7,740,000 after acquiring an additional 10,979 shares during the period. Finally, KBC Group NV grew its holdings in Lennar by 145.0% during the 4th quarter. KBC Group NV now owns 65,448 shares of the construction company’s stock worth $9,755,000 after acquiring an additional 38,737 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Performance

NYSE LEN opened at $187.03 on Monday. Lennar Co. has a 52-week low of $102.90 and a 52-week high of $193.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The company has a market capitalization of $51.36 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.71 and a beta of 1.61. The company has a fifty day moving average of $178.25 and a 200-day moving average of $164.70.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.91 earnings per share. As a group, equities research analysts predict that Lennar Co. will post 14.13 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, October 9th. Lennar’s dividend payout ratio (DPR) is 13.60%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised their price target on shares of Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. Bank of America lifted their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. The Goldman Sachs Group lowered shares of Lennar from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $180.00 to $174.00 in a research note on Monday, July 22nd. Wells Fargo & Company raised their price target on shares of Lennar from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, BTIG Research reduced their price objective on shares of Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Lennar has an average rating of “Hold” and a consensus price target of $181.94.

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.