Elo Mutual Pension Insurance Co Acquires 2,860 Shares of Lennar Co. (NYSE:LEN)

Elo Mutual Pension Insurance Co lifted its stake in shares of Lennar Co. (NYSE:LEN) by 16.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,735 shares of the construction company’s stock after acquiring an additional 2,860 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Lennar were worth $3,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LEN. Gilbert & Cook Inc. raised its holdings 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 acquired a new position in Lennar in the fourth quarter valued at approximately $218,000. Clearbridge Investments LLC boosted its holdings in Lennar by 9.1% during the fourth quarter. Clearbridge Investments LLC now owns 31,158 shares of the construction company’s stock worth $4,644,000 after buying an additional 2,595 shares in the last quarter. Dai ichi Life Insurance Company Ltd grew its position in shares of 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 acquiring an additional 5,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Lennar by 53.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,925 shares of the construction company’s stock valued at $5,056,000 after buying an additional 11,851 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Trading Up 2.1 %

NYSE:LEN opened at $192.45 on Friday. Lennar Co. has a 12-month low of $102.90 and a 12-month high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. The business has a 50 day simple moving average of $176.08 and a 200 day simple moving average of $163.80. The firm has a market capitalization of $52.85 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.61 and a beta of 1.61.

Lennar (NYSE:LEN) last released its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.18. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The company had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $8.57 billion. Equities research analysts predict that Lennar Co. will post 14.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on LEN. BTIG Research cut their price objective on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Keefe, Bruyette & Woods lifted their target price on Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Royal Bank of Canada restated an “underperform” rating and issued a $145.00 price objective on shares of Lennar in a report on Thursday, June 20th. JMP Securities restated a “market outperform” rating and set a $170.00 target price on shares of Lennar in a report on Thursday, June 20th. Finally, The Goldman Sachs Group cut shares of Lennar from a “buy” rating to a “neutral” rating and decreased their price target for the company from $180.00 to $174.00 in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $173.71.

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.