Lennar Co. (NYSE:LEN) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. increased its position in Lennar Co. (NYSE:LEN) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 114,534 shares of the construction company’s stock after buying an additional 7,357 shares during the quarter. Achmea Investment Management B.V.’s holdings in Lennar were worth $17,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC increased its position in shares of Lennar by 484.0% during the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Lennar in the 1st quarter worth about $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Lennar in the 1st quarter valued at about $32,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar in the 1st quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC increased its stake in Lennar by 223.6% during the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LEN. Wedbush reaffirmed a “neutral” rating and issued a $144.00 target price on shares of Lennar in a research report on Wednesday. The Goldman Sachs Group cut Lennar from a “buy” rating to a “neutral” rating and lowered their target price for the company from $180.00 to $174.00 in a research report on Monday, July 22nd. Raymond James lowered Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Evercore ISI increased their target price on shares of Lennar from $237.00 to $240.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Lennar from $157.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus target price of $172.69.

Lennar Stock Down 1.1 %

Shares of Lennar stock opened at $178.19 on Thursday. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $186.60. The firm has a market capitalization of $48.93 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The stock’s fifty day moving average is $171.04 and its 200-day moving average is $162.55.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.18. The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.57 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. Equities analysts anticipate that Lennar Co. will post 14.16 earnings per share for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, July 5th. Lennar’s payout ratio is 13.60%.

About Lennar

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.