B. Metzler seel. Sohn & Co. Holding AG Takes $7.35 Million Position in Lennar Co. (NYSE:LEN)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Lennar Co. (NYSE:LEN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,192 shares of the construction company's stock, valued at approximately $7,348,000.

Several other institutional investors have also modified their holdings of LEN. Boston Partners grew its position in Lennar by 21.5% in the 1st quarter. Boston Partners now owns 23,775 shares of the construction company's stock valued at $4,089,000 after acquiring an additional 4,207 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Lennar by 23,048.0% during the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company's stock worth $28,209,000 after buying an additional 149,812 shares in the last quarter. Fulton Bank N.A. acquired a new position in shares of Lennar during the second quarter worth about $477,000. Bayesian Capital Management LP acquired a new position in shares of Lennar during the first quarter worth about $996,000. Finally, Tidal Investments LLC grew its position in shares of Lennar by 91.1% during the first quarter. Tidal Investments LLC now owns 14,318 shares of the construction company's stock worth $2,456,000 after buying an additional 6,824 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Insider Activity at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction dated 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 transaction, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com downgraded Lennar from a "buy" rating to a "hold" rating in a research report on Saturday, September 28th. Bank of America upped their price target on Lennar from $171.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Zelman & Associates raised Lennar from a "neutral" rating to an "outperform" rating in a report on Monday, September 23rd. Royal Bank of Canada upped their price target on Lennar from $145.00 to $160.00 and gave the company an "underperform" rating in a report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Lennar from $183.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, September 4th. 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $180.56.

Lennar Price Performance

LEN stock traded down $0.52 on Wednesday, reaching $168.23. 1,128,048 shares of the company's stock were exchanged, compared to its average volume of 2,043,029. The stock has a fifty day moving average of $178.67 and a 200-day moving average of $169.15. Lennar Co. has a twelve month low of $125.17 and a twelve month high of $193.80. The firm has a market cap of $45.63 billion, a PE ratio of 11.14, a P/E/G ratio of 1.58 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN - Get Free Report) last posted its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.91 earnings per share. As a group, equities analysts predict that Lennar Co. will post 14.18 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar's dividend payout ratio (DPR) is 13.25%.

Lennar Company 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.