Robeco Institutional Asset Management B.V. Sells 122,794 Shares of Lennar Co. (NYSE:LEN)

Robeco Institutional Asset Management B.V. trimmed its holdings in Lennar Co. (NYSE:LEN – Get Rating) by 38.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,671 shares of the construction company’s stock after selling 122,794 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Lennar worth $14,887,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tyler Stone Wealth Management increased its holdings in shares of Lennar by 92.9% in the second quarter. Tyler Stone Wealth Management now owns 407 shares of the construction company’s stock worth $29,000 after purchasing an additional 196 shares during the last quarter. Karp Capital Management Corp bought a new stake in Lennar in the 3rd quarter worth approximately $30,000. Annapolis Financial Services LLC boosted its position in shares of Lennar by 44.5% during the 3rd quarter. Annapolis Financial Services LLC now owns 552 shares of the construction company’s stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Lennar in the third quarter valued at $45,000. Finally, Picton Mahoney Asset Management bought a new stake in Lennar in the third quarter worth $60,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Lennar Trading Down 0.7 %

LEN stock opened at $103.50 on Friday. The company has a market capitalization of $29.98 billion, a PE ratio of 6.42, a P/E/G ratio of 1.85 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 7.46 and a quick ratio of 1.48. Lennar Co. has a 12 month low of $62.54 and a 12 month high of $109.28. The firm’s 50-day moving average is $99.53 and its 200 day moving average is $88.40.

Lennar (NYSE:LEN – Get Rating) last issued its earnings results on Wednesday, March 15th. The construction company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.56. Lennar had a net margin of 13.86% and a return on equity of 21.52%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $5.99 billion. During the same period last year, the company posted $2.70 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, research analysts anticipate that Lennar Co. will post 9.09 EPS for the current year.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 10th. Stockholders of record on Friday, January 27th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Thursday, January 26th. Lennar’s payout ratio is 9.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LEN shares. JMP Securities reissued a “market outperform” rating and issued a $115.00 price objective on shares of Lennar in a research note on Thursday. Bank of America raised Lennar from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $92.00 to $102.00 in a research note on Wednesday, January 11th. KeyCorp raised their price objective on Lennar from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, December 16th. Royal Bank of Canada lifted their target price on Lennar from $76.00 to $85.00 and gave the stock an “underperform” rating in a report on Friday. Finally, Oppenheimer assumed coverage on Lennar in a research report on Wednesday, March 1st. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Lennar presently has an average rating of “Hold” and an average price target of $105.33.

Lennar Company Profile

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Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name.