Pacer Advisors Inc. Has $452.89 Million Stock Position in Lennar Co. (NYSE:LEN)

Pacer Advisors Inc. increased its holdings in shares of Lennar Co. (NYSE:LEN) by 15.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,021,856 shares of the construction company’s stock after acquiring an additional 396,951 shares during the quarter. Lennar comprises about 1.0% of Pacer Advisors Inc.’s investment portfolio, making the stock its 19th largest holding. Pacer Advisors Inc. owned approximately 1.10% of Lennar worth $452,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Nordea Investment Management AB increased its holdings in shares of Lennar by 3.6% during the first quarter. Nordea Investment Management AB now owns 1,760,729 shares of the construction company’s stock worth $303,585,000 after purchasing an additional 60,713 shares during the period. Bamco Inc. NY raised its holdings in Lennar by 3.8% in the 1st quarter. Bamco Inc. NY now owns 648,867 shares of the construction company’s stock valued at $111,592,000 after acquiring an additional 23,483 shares in the last quarter. TCW Group Inc. lifted its position in shares of Lennar by 15.9% during the 2nd quarter. TCW Group Inc. now owns 610,549 shares of the construction company’s stock valued at $91,503,000 after acquiring an additional 83,896 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Lennar by 157.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company’s stock worth $98,889,000 after purchasing an additional 351,698 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in Lennar in the first quarter valued at about $61,807,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

LEN has been the subject of several analyst reports. BTIG Research dropped their target price on shares of Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. Royal Bank of Canada reiterated an “underperform” rating and issued a $145.00 price target on shares of Lennar in a research note on Thursday, June 20th. StockNews.com upgraded Lennar from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Company upped their price objective on shares of Lennar from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, Argus raised their target price on shares of Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and a consensus target price of $174.61.

Lennar Trading Down 5.2 %

LEN opened at $182.48 on Friday. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $193.80. The company has a fifty day moving average of $176.53 and a 200-day moving average of $163.96. The stock has a market cap of $50.11 billion, a PE ratio of 12.41, 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 posted its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share 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 firm had revenue of $9.42 billion during the quarter, compared to analyst estimates of $9.14 billion. During the same period last year, the company posted $3.91 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict 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.