Robeco Institutional Asset Management B.V. Reduces Position in Lennar Co. (NYSE:LEN)

Robeco Institutional Asset Management B.V. reduced its stake in Lennar Co. (NYSE:LEN) by 45.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,488 shares of the construction company’s stock after selling 232,292 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.10% of Lennar worth $52,586,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norden Group LLC purchased a new position in shares of Lennar during the 1st quarter worth about $349,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Lennar by 1.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,222 shares of the construction company’s stock worth $8,809,000 after buying an additional 943 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Lennar by 544.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,248 shares of the construction company’s stock valued at $5,890,000 after buying an additional 28,935 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Lennar during the 1st quarter worth approximately $702,000. Finally, Mediolanum International Funds Ltd purchased a new position in Lennar in the 1st quarter worth approximately $3,832,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now owns 23,689 shares of the company’s stock, valued at $4,148,654.57. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.36% of the company’s stock.

Lennar Trading Up 1.8 %

Shares of NYSE LEN opened at $172.63 on Tuesday. Lennar Co. has a 12-month low of $116.62 and a 12-month high of $193.80. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $181.12 and its 200 day simple moving average is $167.90. The company has a market cap of $46.82 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.62.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.91 earnings per share. Equities research analysts expect that Lennar Co. will post 14.18 EPS for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.16%. Lennar’s payout ratio is 13.25%.

Wall Street Analyst Weigh In

LEN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price 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. The Goldman Sachs Group cut Lennar from a “buy” rating to a “neutral” rating and cut their price target for the stock from $180.00 to $174.00 in a research note on Monday, July 22nd. Evercore ISI dropped their price objective on Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Monday, September 23rd. Barclays increased their target price on Lennar from $177.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Wedbush restated a “neutral” rating and issued a $144.00 price target on shares of Lennar in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Lennar currently has a consensus rating of “Hold” and an average price target of $181.11.

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.