Lennar Corporation $LEN Shares Sold by National Pension Service

National Pension Service reduced its position in shares of Lennar Corporation (NYSE:LEN) by 95.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,484 shares of the construction company’s stock after selling 348,302 shares during the period. National Pension Service’s holdings in Lennar were worth $1,401,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Phillip James Consulting Co. purchased a new stake in Lennar during the 1st quarter worth about $30,000. DV Equities LLC acquired a new stake in shares of Lennar during the 4th quarter worth about $31,000. Global Assets Advisory LLC purchased a new stake in Lennar during the first quarter worth approximately $39,000. Quarry LP purchased a new stake in Lennar during the fourth quarter worth approximately $41,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in Lennar in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

LEN has been the subject of several research analyst reports. The Goldman Sachs Group restated a “neutral” rating on shares of Lennar in a report on Friday, June 5th. UBS Group reduced their price target on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Wells Fargo & Company decreased their price objective on shares of Lennar from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday. BTIG Research set a $67.00 target price on Lennar in a research report on Monday, June 15th. Finally, Evercore upped their target price on Lennar from $82.00 to $87.00 and gave the company an “underperform” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $91.80.

Lennar Trading Up 0.0%

NYSE LEN opened at $79.64 on Monday. The company has a quick ratio of 0.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $19.18 billion, a P/E ratio of 12.46, a P/E/G ratio of 2.67 and a beta of 1.39. Lennar Corporation has a 52-week low of $76.63 and a 52-week high of $140.00. The firm has a 50-day moving average price of $84.79 and a 200 day moving average price of $89.49.

Lennar (NYSE:LEN) last released its earnings results on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $8.08 billion. Lennar had a return on equity of 7.08% and a net margin of 4.93%.Lennar’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 earnings per share. Equities research analysts expect that Lennar Corporation will post 5.46 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.50 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. Lennar’s dividend payout ratio (DPR) is currently 31.30%.

Lennar Profile

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.