Lennar Co. (NYSE:LEN) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. trimmed its position in Lennar Co. (NYSE:LEN - Free Report) by 33.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,877 shares of the construction company's stock after selling 18,703 shares during the quarter. Eagle Asset Management Inc.'s holdings in Lennar were worth $6,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Moors & Cabot Inc. lifted its position in Lennar by 2.2% in the third quarter. Moors & Cabot Inc. now owns 3,075 shares of the construction company's stock valued at $577,000 after buying an additional 66 shares during the last quarter. Lakewood Asset Management LLC lifted its holdings in shares of Lennar by 0.8% in the 2nd quarter. Lakewood Asset Management LLC now owns 9,385 shares of the construction company's stock worth $1,407,000 after acquiring an additional 70 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Lennar by 1.5% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,870 shares of the construction company's stock worth $730,000 after purchasing an additional 73 shares during the period. Aaron Wealth Advisors LLC increased its holdings in Lennar by 5.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,381 shares of the construction company's stock valued at $207,000 after purchasing an additional 74 shares during the last quarter. Finally, Quotient Wealth Partners LLC lifted its stake in Lennar by 5.0% during the second quarter. Quotient Wealth Partners LLC now owns 1,540 shares of the construction company's stock worth $231,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Performance

NYSE LEN traded up $9.49 on Monday, hitting $178.66. 3,352,948 shares of the company's stock were exchanged, compared to its average volume of 2,047,631. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98. Lennar Co. has a fifty-two week low of $125.17 and a fifty-two week high of $193.80. The firm has a market cap of $48.46 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.58 and a beta of 1.62. The firm's 50-day moving average price is $178.07 and its two-hundred day moving average price is $169.33.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter last year, the firm posted $3.91 EPS. The business's revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Lennar Co. will post 14.18 EPS for the current 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 1.12%. The ex-dividend date was Wednesday, October 9th. Lennar's dividend payout ratio (DPR) is 13.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LEN shares. StockNews.com lowered Lennar from a "buy" rating to a "hold" rating in a research note on Saturday, September 28th. Barclays raised their price objective on shares of Lennar from $177.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods increased their target price on shares of Lennar from $183.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, September 4th. Royal Bank of Canada boosted their price target on shares of Lennar from $145.00 to $160.00 and gave the stock an "underperform" rating in a research note on Monday, September 23rd. Finally, JMP Securities increased their price objective on Lennar from $170.00 to $210.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Lennar currently has a consensus rating of "Hold" and a consensus target price of $180.56.

Insider Activity

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

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.