Czech National Bank Buys 2,542 Shares of Lennar Co. (NYSE:LEN)

Czech National Bank grew its position in Lennar Co. (NYSE:LEN) by 5.2% during the 4th quarter, HoldingsChannel reports. The fund owned 51,779 shares of the construction company’s stock after purchasing an additional 2,542 shares during the period. Czech National Bank’s holdings in Lennar were worth $7,061,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Lennar by 23,048.0% in the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after purchasing an additional 149,812 shares during the period. Smead Capital Management Inc. raised its holdings in shares of Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock worth $499,991,000 after buying an additional 89,896 shares during the period. Verition Fund Management LLC lifted its stake 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 worth $12,978,000 after acquiring an additional 41,264 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in 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 acquiring an additional 4,363 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Lennar by 8.7% in the third quarter. Asset Management One Co. Ltd. now owns 101,463 shares of the construction company’s stock worth $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 news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now directly 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 through this hyperlink. 9.36% of the stock is owned by insiders.

Lennar Stock Performance

Shares of LEN opened at $135.00 on Wednesday. Lennar Co. has a 12 month low of $128.41 and a 12 month high of $193.80. The stock has a fifty day moving average price of $154.76 and a 200-day moving average price of $167.57. 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 firm has a market cap of $36.62 billion, a PE ratio of 8.94, a P/E/G ratio of 1.28 and a beta of 1.66.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LEN shares. Barclays cut their price target on shares of Lennar from $181.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $210.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Zelman & Associates raised shares of Lennar from a “neutral” rating to an “outperform” rating in a research note on Monday, September 23rd. Bank of America increased their price objective on Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. lowered their target price on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Lennar has an average rating of “Hold” and an average price target of $171.50.

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.