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

Leuthold Group LLC reduced its stake in shares of Lennar Co. (NYSE:LEN) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,922 shares of the construction company’s stock after selling 473 shares during the period. Leuthold Group LLC’s holdings in Lennar were worth $7,482,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LEN. Gilbert & Cook Inc. lifted its stake in shares of Lennar by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 4,053 shares of the construction company’s stock valued at $604,000 after purchasing an additional 211 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in Lennar during the fourth quarter worth approximately $218,000. Clearbridge Investments LLC increased its holdings in Lennar by 9.1% in the 4th quarter. Clearbridge Investments LLC now owns 31,158 shares of the construction company’s stock valued at $4,644,000 after purchasing an additional 2,595 shares in the last quarter. Trexquant Investment LP lifted its position in Lennar by 141.3% during the 4th quarter. Trexquant Investment LP now owns 35,383 shares of the construction company’s stock worth $5,273,000 after acquiring an additional 20,717 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd grew its holdings in Lennar by 27.8% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 23,010 shares of the construction company’s stock valued at $3,429,000 after purchasing an additional 5,000 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Price Performance

NYSE LEN opened at $188.44 on Thursday. The company has a 50 day moving average price of $175.35 and a two-hundred day moving average price of $163.60. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $192.40. The stock has a market capitalization of $51.75 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. 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 (NYSE:LEN) last issued its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.18. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.57 billion. As a group, equities analysts predict that Lennar Co. will post 14.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LEN. JMP Securities reiterated a “market outperform” rating and set a $170.00 price objective on shares of Lennar in a research note on Thursday, June 20th. Raymond James cut Lennar from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. reduced their target price 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. 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 report on Thursday, June 20th. Finally, Citigroup restated a “neutral” rating and set a $164.00 price objective (down previously from $174.00) on shares of Lennar in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lennar currently has a consensus rating of “Hold” and a consensus target price of $172.69.

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.