Lennar Co. (NYSE:LEN) Holdings Boosted by Kathmere Capital Management LLC

Kathmere Capital Management LLC boosted its holdings in Lennar Co. (NYSE:LEN) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,448 shares of the construction company’s stock after acquiring an additional 87 shares during the period. Kathmere Capital Management LLC’s holdings in Lennar were worth $421,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LEN. Assenagon Asset Management S.A. raised its holdings in shares of Lennar by 6,297.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 662,277 shares of the construction company’s stock valued at $98,706,000 after buying an additional 651,924 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Lennar by 47.6% during the third quarter. AQR Capital Management LLC now owns 1,501,257 shares of the construction company’s stock valued at $168,486,000 after buying an additional 484,056 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Lennar by 5.9% during the third quarter. The Manufacturers Life Insurance Company now owns 6,544,345 shares of the construction company’s stock valued at $734,477,000 after buying an additional 366,983 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Lennar by 97.4% during the fourth quarter. Jennison Associates LLC now owns 354,711 shares of the construction company’s stock valued at $52,866,000 after buying an additional 174,981 shares during the last quarter. Finally, Akaris Global Partners LP bought a new stake in shares of Lennar during the third quarter valued at approximately $15,016,000. Institutional investors own 81.10% of the company’s stock.

Insider Activity at Lennar

In related news, EVP Jeffrey Joseph Mccall sold 10,000 shares of Lennar stock in a transaction on Friday, May 10th. The shares were 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 owns 128,629 shares of the company’s stock, valued at approximately $20,927,938.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lennar news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the completion of the transaction, the executive vice president now owns 128,629 shares of the company’s stock, valued at approximately $20,927,938.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy Banse bought 1,575 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were purchased at an average cost of $157.00 per share, with a total value of $247,275.00. Following the transaction, the director now owns 11,859 shares in the company, valued at $1,861,863. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 29,176 shares of company stock valued at $4,841,039. Insiders own 9.36% of the company’s stock.

Lennar Stock Up 0.5 %

LEN stock opened at $149.87 on Friday. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $172.59. The company has a fifty day simple moving average of $156.22 and a 200 day simple moving average of $155.46. The firm has a market cap of $41.71 billion, a PE ratio of 10.19, a PEG ratio of 1.34 and a beta of 1.56.

Lennar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, July 5th. Lennar’s payout ratio is presently 13.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Lennar from $157.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Wells Fargo & Company boosted their target price on Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $183.00 target price on shares of Lennar in a report on Tuesday, June 18th. Argus boosted their target price on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $145.00 target price on shares of Lennar in a report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $167.31.

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.