D1 Capital Partners L.P. Lowers Position in Lennar Co. (NYSE:LEN)

D1 Capital Partners L.P. decreased its holdings in Lennar Co. (NYSE:LEN - Free Report) by 83.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 402,000 shares of the construction company's stock after selling 2,018,000 shares during the quarter. Lennar accounts for about 1.5% of D1 Capital Partners L.P.'s holdings, making the stock its 23rd largest holding. D1 Capital Partners L.P. owned 0.15% of Lennar worth $75,367,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vinva Investment Management Ltd increased its holdings in Lennar by 9.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 60,697 shares of the construction company's stock worth $11,352,000 after acquiring an additional 5,470 shares in the last quarter. CreativeOne Wealth LLC boosted its position in Lennar by 3.7% during the third quarter. CreativeOne Wealth LLC now owns 4,287 shares of the construction company's stock worth $804,000 after acquiring an additional 151 shares during the last quarter. Freedom Investment Management Inc. grew its position in shares of Lennar by 39.7% in the third quarter. Freedom Investment Management Inc. now owns 11,066 shares of the construction company's stock valued at $2,075,000 after purchasing an additional 3,142 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Lennar by 2.6% in the third quarter. Townsquare Capital LLC now owns 16,718 shares of the construction company's stock valued at $3,134,000 after purchasing an additional 430 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its position in Lennar by 7,250.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 294 shares of the construction company's stock worth $56,000 after buying an additional 290 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now directly owns 23,689 shares of the company's stock, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.36% of the stock is owned by corporate insiders.

Lennar Stock Up 0.2 %

NYSE:LEN traded up $0.29 during mid-day trading on Friday, hitting $174.39. The stock had a trading volume of 825,487 shares, compared to its average volume of 2,038,155. Lennar Co. has a twelve month low of $125.17 and a twelve month high of $193.80. The stock has a 50-day simple moving average of $176.93 and a two-hundred day simple moving average of $169.59. 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 company has a market capitalization of $47.30 billion, a PE ratio of 11.53, a PEG ratio of 1.63 and a beta of 1.62.

Lennar (NYSE:LEN - Get Free Report) last released 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 analysts' expectations of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.91 EPS. On average, equities research analysts anticipate that Lennar Co. will post 14.18 EPS for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a $0.50 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.15%. Lennar's dividend payout ratio is currently 13.25%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wedbush reaffirmed a "neutral" rating and issued a $144.00 target price on shares of Lennar in a research note on Friday, September 20th. Bank of America lifted their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. StockNews.com downgraded shares of Lennar from a "buy" rating to a "hold" rating in a report on Saturday, September 28th. Wells Fargo & Company decreased their price objective on Lennar from $190.00 to $180.00 and set an "equal weight" rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price on Lennar from $154.00 to $173.00 and gave the stock a "neutral" rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $184.29.

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.