Mutual of America Capital Management LLC Trims Stake in Lennar Co. (NYSE:LEN)

Mutual of America Capital Management LLC trimmed its holdings in shares of Lennar Co. (NYSE:LEN) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,901 shares of the construction company’s stock after selling 1,525 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lennar were worth $4,631,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LEN. Rise Advisors LLC raised its stake in shares of Lennar by 484.0% in the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of Lennar during the first quarter worth $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Lennar in the first quarter valued at $32,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Lennar in the 1st quarter valued at $35,000. Finally, Fortitude Family Office LLC boosted its holdings in Lennar by 223.6% during the 2nd quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock valued at $35,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Wedbush reissued a “neutral” rating and issued a $144.00 price target on shares of Lennar in a research report on Friday. Argus upped their price objective on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. JMP Securities reiterated a “market outperform” rating and issued a $170.00 target price on shares of Lennar in a report on Thursday, June 20th. Finally, Evercore ISI upped their price target on Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $174.61.

Lennar Trading Down 5.3 %

NYSE:LEN opened at $182.19 on Friday. The company has a market capitalization of $50.03 billion, a PE ratio of 12.39, a P/E/G ratio of 1.61 and a beta of 1.61. Lennar Co. has a 52-week low of $102.90 and a 52-week high of $193.80. The stock’s 50 day moving average price is $176.53 and its 200 day moving average price is $163.99. 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 announced its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.28. The business had revenue of $9.42 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.91 EPS. On average, research analysts anticipate 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.