International Assets Investment Management LLC Has $28.21 Million Stock Holdings in Lennar Co. (NYSE:LEN)

International Assets Investment Management LLC grew its holdings in Lennar Co. (NYSE:LEN) by 23,048.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,462 shares of the construction company’s stock after buying an additional 149,812 shares during the quarter. International Assets Investment Management LLC’s holdings in Lennar were worth $28,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LEN. D1 Capital Partners L.P. increased its stake in shares of Lennar by 428.9% in the second quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company’s stock valued at $362,685,000 after buying an additional 1,962,447 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Lennar by 15.1% in the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock valued at $452,886,000 after buying an additional 396,951 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Lennar in the first quarter worth about $61,807,000. Jacobs Levy Equity Management Inc. raised its holdings in Lennar by 157.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company’s stock worth $98,889,000 after purchasing an additional 351,698 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Lennar by 20.9% during the 2nd quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company’s stock valued at $302,084,000 after purchasing an additional 348,553 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LEN. StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Citigroup increased their price target on Lennar from $164.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Raymond James cut Lennar from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 2nd. The Goldman Sachs Group cut Lennar from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $180.00 to $174.00 in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $181.11.

Lennar Price Performance

LEN opened at $174.09 on Tuesday. The company has a fifty day simple moving average of $182.05 and a 200 day simple moving average of $167.32. The stock has a market cap of $47.22 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.62 and a beta of 1.61. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12 month low of $103.41 and a 12 month high of $193.80.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.28. The firm had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.91 EPS. On average, research analysts expect that Lennar Co. will post 14.18 EPS for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s dividend payout ratio (DPR) is presently 13.25%.

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.