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

Profund Advisors LLC trimmed its position in shares of Lennar Co. (NYSE:LEN) by 17.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,805 shares of the construction company’s stock after selling 1,039 shares during the period. Profund Advisors LLC’s holdings in Lennar were worth $720,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hancock Whitney Corp grew its stake in shares of Lennar by 37.1% during the second quarter. Hancock Whitney Corp now owns 72,861 shares of the construction company’s stock valued at $10,920,000 after acquiring an additional 19,708 shares in the last quarter. Summit Trail Advisors LLC grew its stake in Lennar by 9.5% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,187 shares of the construction company’s stock valued at $328,000 after purchasing an additional 190 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Lennar by 15.1% during the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company’s stock worth $452,886,000 after purchasing an additional 396,951 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Lennar by 3.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 107,851 shares of the construction company’s stock valued at $16,164,000 after purchasing an additional 4,019 shares in the last quarter. Finally, Ranch Capital Advisors Inc. boosted its stake in shares of Lennar by 7.3% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 4,200 shares of the construction company’s stock valued at $629,000 after buying an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the topic of several recent analyst reports. Barclays upped their price target on shares of Lennar from $177.00 to $210.00 and gave the company an “overweight” rating in a report on Monday. BTIG Research decreased their price target on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. JPMorgan Chase & Co. upped their price objective on Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a research note on Monday. Argus lifted their target price on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Wells Fargo & Company upped their price target on Lennar from $195.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $179.72.

Lennar Stock Performance

Shares of NYSE LEN opened at $184.26 on Wednesday. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $193.80. The company has a current ratio of 4.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The company has a market cap of $50.60 billion, a PE ratio of 12.53, a P/E/G ratio of 1.61 and a beta of 1.61. The stock has a 50 day simple moving average of $177.36 and a 200-day simple moving average of $164.30.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The company had revenue of $9.42 billion during the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter in the prior year, the business posted $3.91 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Lennar Co. will post 14.16 EPS for the current year.

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, 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.