Lennar Co. (NYSE:LEN) Stock Holdings Trimmed by Diversified Trust Co

Diversified Trust Co lowered its holdings in shares of Lennar Co. (NYSE:LEN) by 21.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,560 shares of the construction company’s stock after selling 1,752 shares during the period. Diversified Trust Co’s holdings in Lennar were worth $895,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in Lennar by 23,048.0% during the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock valued at $28,209,000 after acquiring an additional 149,812 shares in the last quarter. Smead Capital Management Inc. raised its stake in Lennar by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after acquiring an additional 89,896 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Lennar by 147.6% during the 3rd quarter. Verition Fund Management LLC now owns 69,226 shares of the construction company’s stock valued at $12,978,000 after purchasing an additional 41,264 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of Lennar by 101.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $1,626,000 after purchasing an additional 4,363 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Lennar by 8.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 101,463 shares of the construction company’s stock valued at $19,022,000 after purchasing an additional 8,092 shares during the period. Institutional investors own 81.10% of the company’s stock.

Insiders Place Their Bets

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LEN shares. StockNews.com cut Lennar from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. JPMorgan Chase & Co. lowered their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Bank of America lifted their price target on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. The Goldman Sachs Group decreased their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, December 23rd. Finally, Wedbush restated a “neutral” rating and issued a $164.00 target price on shares of Lennar in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $171.50.

Lennar Price Performance

LEN opened at $133.52 on Friday. The stock has a market cap of $36.22 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 1.28 and a beta of 1.66. Lennar Co. has a 1 year low of $130.91 and a 1 year high of $193.80. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $157.23 and a 200 day moving average price of $167.69.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. Lennar’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.82 EPS. Analysts forecast that Lennar Co. will post 14.11 EPS for the current fiscal year.

About Lennar

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.