Lennar Corporation $LEN Shares Purchased by Swedbank AB

Swedbank AB grew its holdings in shares of Lennar Corporation (NYSE:LEN) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,919 shares of the construction company’s stock after purchasing an additional 2,617 shares during the quarter. Swedbank AB’s holdings in Lennar were worth $10,499,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Lennar by 1.2% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,719 shares of the construction company’s stock worth $886,000 after buying an additional 89 shares during the period. NorthRock Partners LLC raised its position in shares of Lennar by 1.4% in the 1st quarter. NorthRock Partners LLC now owns 6,509 shares of the construction company’s stock worth $747,000 after buying an additional 93 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Lennar by 1.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company’s stock worth $1,015,000 after buying an additional 95 shares during the period. EP Wealth Advisors LLC raised its position in shares of Lennar by 2.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,782 shares of the construction company’s stock worth $549,000 after buying an additional 107 shares during the period. Finally, Mather Group LLC. raised its position in shares of Lennar by 8.4% in the 1st quarter. Mather Group LLC. now owns 1,517 shares of the construction company’s stock worth $174,000 after buying an additional 117 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LEN. Royal Bank Of Canada lowered their price target on Lennar from $122.00 to $98.00 and set a “sector perform” rating for the company in a report on Wednesday, June 18th. Keefe, Bruyette & Woods lowered their target price on Lennar from $128.00 to $114.00 and set a “market perform” rating for the company in a research note on Friday, June 20th. Wall Street Zen downgraded Lennar from a “hold” rating to a “sell” rating in a research note on Saturday, June 21st. JMP Securities lowered their target price on Lennar from $150.00 to $130.00 and set a “market outperform” rating for the company in a research note on Friday, June 20th. Finally, UBS Group lowered their target price on Lennar from $164.00 to $146.00 and set a “buy” rating for the company in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Lennar presently has an average rating of “Hold” and an average target price of $128.33.

Lennar Price Performance

Shares of NYSE:LEN opened at $127.17 on Monday. Lennar Corporation has a 12 month low of $98.42 and a 12 month high of $189.65. The stock has a market cap of $32.94 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 5.40 and a beta of 1.33. The stock’s 50 day moving average price is $125.97 and its 200 day moving average price is $115.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, September 18th. The construction company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.15. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The firm had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the previous year, the company posted $3.90 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

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.