Czech National Bank Increases Stock Position in Lennar Co. (NYSE:LEN)

Czech National Bank increased its stake in shares of Lennar Co. (NYSE:LEN) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,779 shares of the construction company’s stock after purchasing an additional 2,542 shares during the period. Czech National Bank’s holdings in Lennar were worth $7,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LEN. Oakworth Capital Inc. purchased a new stake in Lennar during the 3rd quarter valued at $27,000. Wolff Wiese Magana LLC grew its holdings in shares of Lennar by 933.3% in the third quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after acquiring an additional 140 shares during the period. GHP Investment Advisors Inc. purchased a new stake in Lennar during the third quarter valued at $30,000. Asset Dedication LLC lifted its holdings in Lennar by 4,225.0% in the third quarter. Asset Dedication LLC now owns 173 shares of the construction company’s stock valued at $32,000 after acquiring an additional 169 shares during the period. Finally, DT Investment Partners LLC boosted its position in Lennar by 523.3% in the third quarter. DT Investment Partners LLC now owns 187 shares of the construction company’s stock worth $35,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Lennar Stock Up 2.6 %

Shares of LEN stock opened at $135.00 on Wednesday. The company’s fifty day simple moving average is $154.76 and its two-hundred day simple moving average is $167.57. Lennar Co. has a 52 week low of $128.41 and a 52 week high of $193.80. The stock has a market cap of $36.62 billion, a P/E ratio of 8.94, a PEG ratio of 1.28 and a beta of 1.66. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a net margin of 11.51% and a return on equity of 15.47%. The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the previous year, the company posted $4.82 earnings per share. Lennar’s quarterly revenue was down 9.3% on a year-over-year basis. Analysts predict that Lennar Co. will post 14.11 EPS for the current fiscal year.

Insider Activity at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LEN shares. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Wolfe Research downgraded shares of Lennar from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. JMP Securities raised their target price on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. Finally, BTIG Research lowered Lennar from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $171.50.

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.