Nomura Holdings Inc. Has $28.14 Million Holdings in Lennar Corporation (LEN)

Nomura Holdings Inc. decreased its holdings in shares of Lennar Corporation (NYSE:LEN) by 11.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 528,186 shares of the construction company’s stock after selling 69,523 shares during the period. Nomura Holdings Inc. owned 0.26% of Lennar Corporation worth $28,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. increased its stake in shares of Lennar Corporation by 8.9% during the second quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock valued at $101,000 after purchasing an additional 155 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Lennar Corporation by 32.4% during the second quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock valued at $114,000 after purchasing an additional 530 shares in the last quarter. Washington Trust Bank increased its stake in shares of Lennar Corporation by 47.6% during the second quarter. Washington Trust Bank now owns 2,462 shares of the construction company’s stock valued at $131,000 after purchasing an additional 794 shares in the last quarter. QS Investors LLC increased its stake in shares of Lennar Corporation by 1.0% during the second quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after purchasing an additional 25 shares in the last quarter. Finally, MUFG Americas Holdings Corp increased its stake in shares of Lennar Corporation by 7.3% during the second quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock valued at $173,000 after purchasing an additional 220 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

In other Lennar Corporation news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $56.48, for a total transaction of $282,400.00. Following the transaction, the chief financial officer now owns 376,043 shares in the company, valued at approximately $21,238,908.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.18% of the company’s stock.

A number of brokerages have weighed in on LEN. Citigroup Inc. reaffirmed a “neutral” rating and set a $59.00 target price (up previously from $57.00) on shares of Lennar Corporation in a research note on Wednesday, October 4th. MKM Partners raised shares of Lennar Corporation from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Wednesday, October 4th. BTIG Research raised their target price on shares of Lennar Corporation from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Bank of America Corporation raised their target price on shares of Lennar Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Finally, Mizuho reaffirmed a “buy” rating on shares of Lennar Corporation in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Lennar Corporation currently has a consensus rating of “Buy” and an average target price of $57.63.

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Shares of Lennar Corporation (NYSE LEN) traded down 0.28% during midday trading on Tuesday, reaching $56.04. 479,505 shares of the company traded hands. The company has a 50 day moving average price of $51.95 and a 200 day moving average price of $52.15. Lennar Corporation has a 1-year low of $39.68 and a 1-year high of $56.78. The company has a market capitalization of $13.14 billion, a PE ratio of 16.38 and a beta of 1.22.

Lennar Corporation (NYSE:LEN) last issued its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Lennar Corporation had a net margin of 6.65% and a return on equity of 12.52%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business posted $1.01 EPS. Lennar Corporation’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, analysts expect that Lennar Corporation will post $3.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, October 18th. This represents a $0.16 dividend on an annualized basis and a yield of 0.28%. Lennar Corporation’s payout ratio is 4.61%.

Lennar Corporation Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Institutional Ownership by Quarter for Lennar Corporation (NYSE:LEN)

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