CX Institutional Has $4.21 Million Stock Holdings in Lennar Co. (NYSE:LEN)

CX Institutional raised its stake in shares of Lennar Co. (NYSE:LEN) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,075 shares of the construction company’s stock after purchasing an additional 2,050 shares during the period. CX Institutional’s holdings in Lennar were worth $4,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cyr Financial Inc. bought a new stake in shares of Lennar in the second quarter valued at approximately $714,000. Fortitude Family Office LLC boosted its position in shares of Lennar by 223.6% in the second 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. Kingswood Wealth Advisors LLC boosted its position in shares of Lennar by 5.8% in the second quarter. Kingswood Wealth Advisors LLC now owns 1,742 shares of the construction company’s stock valued at $261,000 after acquiring an additional 96 shares during the period. Fulton Bank N.A. bought a new stake in shares of Lennar in the second quarter valued at approximately $477,000. Finally, New England Research & Management Inc. boosted its position in shares of Lennar by 4.3% in the second quarter. New England Research & Management Inc. now owns 14,050 shares of the construction company’s stock valued at $2,106,000 after acquiring an additional 575 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insiders Place Their Bets

In other Lennar news, VP Mark Sustana sold 9,176 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the transaction, the vice president now owns 16,768 shares in the company, valued at approximately $2,764,707.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $170.11, for a total value of $1,701,100.00. Following the sale, the insider now directly owns 118,629 shares of the company’s stock, valued at $20,179,979.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark Sustana sold 9,176 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $164.88, for a total value of $1,512,938.88. Following the completion of the sale, the vice president now directly owns 16,768 shares in the company, valued at $2,764,707.84. The disclosure for this sale can be found here. Company insiders own 9.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. BTIG Research reduced their target price on Lennar from $177.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. StockNews.com upgraded Lennar from a “hold” rating to a “buy” rating in a research note on Sunday, August 4th. Royal Bank of Canada restated an “underperform” rating and issued a $145.00 target price on shares of Lennar in a research note on Thursday, June 20th. Wells Fargo & Company raised their target price on Lennar from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Argus raised their target price on Lennar from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Lennar has an average rating of “Hold” and a consensus target price of $169.13.

Lennar Stock Down 0.2 %

NYSE:LEN opened at $169.06 on Friday. The firm has a market capitalization of $46.42 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60. Lennar Co. has a twelve month low of $102.90 and a twelve month high of $182.53. The stock’s 50 day moving average price is $159.04 and its two-hundred day moving average price is $158.22. 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 results on Monday, June 17th. The construction company reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.18. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.57 billion. Equities research analysts expect that Lennar Co. will post 14.16 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, July 5th. Lennar’s payout ratio is 13.60%.

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.