Lennar Co. (NYSE:LEN) Stock Holdings Lowered by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC cut its position in Lennar Co. (NYSE:LEN) by 39.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,260 shares of the construction company’s stock after selling 811 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Lennar were worth $189,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Boston Partners grew its holdings in Lennar by 21.5% in the 1st quarter. Boston Partners now owns 23,775 shares of the construction company’s stock worth $4,089,000 after buying an additional 4,207 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in shares of Lennar by 177.3% during the fourth quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock valued at $4,659,000 after purchasing an additional 19,985 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Lennar by 331.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock valued at $2,069,000 after purchasing an additional 9,246 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in Lennar in the fourth quarter worth about $838,000. Finally, Norden Group LLC acquired a new position in Lennar during the 1st quarter valued at about $5,592,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on LEN. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a report on Saturday. Barclays upped their price objective on Lennar from $177.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Bank Of America (Bofa) boosted their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised their price objective on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Finally, BTIG Research dropped their target price on shares of Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a report 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $181.94.

Lennar Stock Performance

Shares of LEN opened at $187.03 on Friday. 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 PE ratio of 12.71, a PEG ratio of 1.71 and a beta of 1.61. The company’s 50 day moving average price is $178.25 and its 200 day moving average price is $164.71.

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 analysts’ consensus estimates of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business had revenue of $9.42 billion for 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 for the quarter was up 7.9% compared to the same quarter last year. Research analysts expect that Lennar Co. will post 14.13 EPS for the current fiscal year.

Lennar Announces Dividend

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

Lennar Company 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.