Lennar Co. (NYSE:LEN) Shares Sold by Inceptionr LLC

Inceptionr LLC cut its stake in shares of Lennar Co. (NYSE:LENFree Report) by 31.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,608 shares of the construction company’s stock after selling 2,621 shares during the quarter. Lennar makes up 0.6% of Inceptionr LLC’s portfolio, making the stock its 17th largest holding. Inceptionr LLC’s holdings in Lennar were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Lennar in the third quarter worth $27,000. Raleigh Capital Management Inc. bought a new stake in Lennar in the 3rd quarter valued at about $28,000. Criterion Capital Advisors LLC acquired a new position in Lennar during the 4th quarter valued at about $36,000. NBC Securities Inc. bought a new position in Lennar in the 3rd quarter worth about $56,000. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Lennar by 34.3% during the third quarter. Itau Unibanco Holding S.A. now owns 497 shares of the construction company’s stock valued at $56,000 after buying an additional 127 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $162.70, for a total value of $1,627,000.00. Following the completion of the sale, the executive vice president now directly owns 128,629 shares in the company, valued at approximately $20,927,938.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lennar news, Director Amy Banse acquired 1,575 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were acquired at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the purchase, the director now owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey Joseph Mccall sold 10,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $162.70, for a total value of $1,627,000.00. Following the transaction, the executive vice president now directly owns 128,629 shares of the company’s stock, valued at approximately $20,927,938.30. The disclosure for this sale can be found here. Company insiders own 9.36% of the company’s stock.

Wall Street Analyst Weigh In

LEN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Lennar from $161.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, March 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $170.00 price objective on shares of Lennar in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lennar from $110.00 to $122.00 and gave the company a “sell” rating in a research note on Thursday, March 14th. Evercore ISI upped their price target on shares of Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Keefe, Bruyette & Woods boosted their target price on Lennar from $175.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.88.

Read Our Latest Stock Report on Lennar

Lennar Stock Up 0.2 %

LEN traded up $0.32 during trading on Tuesday, reaching $162.33. 1,209,908 shares of the stock traded hands, compared to its average volume of 2,010,738. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $172.59. The stock’s 50-day simple moving average is $160.28 and its two-hundred day simple moving average is $148.28. The stock has a market cap of $45.18 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55.

Lennar (NYSE:LENGet Free Report) last announced its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.21 by $0.36. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.12 EPS. As a group, equities research analysts expect that Lennar Co. will post 14.46 EPS for the current year.

Lennar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lennar’s payout ratio is presently 14.02%.

About Lennar

(Free Report)

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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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