Lennar Co. (NYSE:LEN) Stock Holdings Increased by Paloma Partners Management Co

Paloma Partners Management Co boosted its position in Lennar Co. (NYSE:LEN) by 61.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,524 shares of the construction company’s stock after buying an additional 29,862 shares during the quarter. Paloma Partners Management Co’s holdings in Lennar were worth $3,805,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Lennar by 0.9% in the first quarter. Victory Capital Management Inc. now owns 60,323 shares of the construction company’s stock valued at $2,961,000 after purchasing an additional 528 shares during the period. Raymond James & Associates boosted its stake in Lennar by 42.0% during the 1st quarter. Raymond James & Associates now owns 171,032 shares of the construction company’s stock valued at $8,396,000 after acquiring an additional 50,622 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Lennar by 0.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,123,228 shares of the construction company’s stock valued at $55,139,000 after acquiring an additional 2,904 shares during the last quarter. TD Asset Management Inc. boosted its stake in Lennar by 0.8% during the 1st quarter. TD Asset Management Inc. now owns 117,967 shares of the construction company’s stock valued at $5,791,000 after acquiring an additional 907 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in Lennar by 5.8% during the 1st quarter. Keybank National Association OH now owns 6,688 shares of the construction company’s stock valued at $328,000 after acquiring an additional 366 shares during the last quarter. 83.78% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on LEN shares. ValuEngine downgraded shares of Lennar from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of Lennar from a “hold” rating to a “sell” rating and set a $53.00 target price on the stock. in a report on Thursday, May 30th. Bank of America dropped their target price on shares of Lennar from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Seaport Global Securities started coverage on shares of Lennar in a report on Friday, August 23rd. They set a “buy” rating and a $71.00 target price on the stock. Finally, SunTrust Banks started coverage on shares of Lennar in a report on Monday, August 12th. They set a “hold” rating and a $47.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $57.10.

Shares of LEN stock traded up $0.59 during trading hours on Friday, reaching $54.38. The stock had a trading volume of 1,184,470 shares, compared to its average volume of 2,632,459. The company has a debt-to-equity ratio of 0.62, a current ratio of 13.93 and a quick ratio of 0.79. Lennar Co. has a twelve month low of $37.29 and a twelve month high of $55.00. The firm has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $50.29. The firm has a market capitalization of $17.11 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.09.

Lennar (NYSE:LEN) last released its quarterly earnings data on Tuesday, June 25th. The construction company reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.17. Lennar had a net margin of 8.86% and a return on equity of 12.03%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.13 billion. During the same quarter last year, the company earned $1.58 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Lennar Co. will post 5.32 earnings per share for the current year.

In other Lennar news, President Jonathan M. Jaffe sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $49.04, for a total transaction of $980,800.00. Following the transaction, the president now owns 346,946 shares of the company’s stock, valued at approximately $17,014,231.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.43% of the stock is currently owned by company insiders.

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, Lennar Financial Services, Lennar Multifamily, and Rialto 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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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