Lennar Corporation $LEN Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd cut its position in shares of Lennar Corporation (NYSE:LEN) by 39.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,807 shares of the construction company’s stock after selling 126,030 shares during the period. AustralianSuper Pty Ltd owned 0.08% of Lennar worth $24,806,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LEN. Viking Global Investors LP increased its stake in shares of Lennar by 86.7% in the 2nd quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock valued at $279,135,000 after purchasing an additional 1,172,068 shares in the last quarter. Todd Asset Management LLC purchased a new stake in shares of Lennar in the third quarter valued at approximately $26,371,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Lennar by 319.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 274,173 shares of the construction company’s stock worth $34,557,000 after buying an additional 208,800 shares during the period. River Road Asset Management LLC lifted its position in shares of Lennar by 86.1% during the 2nd quarter. River Road Asset Management LLC now owns 443,477 shares of the construction company’s stock valued at $49,749,000 after buying an additional 205,234 shares in the last quarter. Finally, Aviva PLC increased its holdings in Lennar by 1,656.1% in the 2nd quarter. Aviva PLC now owns 155,626 shares of the construction company’s stock worth $17,214,000 after acquiring an additional 146,764 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of Lennar from $98.00 to $88.00 and set an “underweight” rating on the stock in a report on Thursday, December 18th. Argus upgraded Lennar to a “strong-buy” rating in a research report on Friday, January 16th. The Goldman Sachs Group reiterated a “neutral” rating and set a $125.00 price target on shares of Lennar in a research report on Tuesday, January 13th. Zacks Research lowered Lennar from a “hold” rating to a “strong sell” rating in a report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Lennar from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $106.38.

Lennar Stock Down 1.9%

NYSE LEN opened at $108.47 on Wednesday. The business’s fifty day simple moving average is $113.27 and its 200-day simple moving average is $121.41. The company has a quick ratio of 1.36, a current ratio of 4.89 and a debt-to-equity ratio of 0.18. The firm has a market cap of $26.79 billion, a PE ratio of 13.58, a P/E/G ratio of 1.61 and a beta of 1.43. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $144.24.

Lennar (NYSE:LEN) last released its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.27). The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.17 billion. Lennar had a return on equity of 9.27% and a net margin of 6.08%.Lennar’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.03 earnings per share. As a group, equities analysts anticipate that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Wednesday, February 4th were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. Lennar’s dividend payout ratio is currently 25.03%.

Lennar Company Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.