Lennar Co. (NYSE:LEN) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB lifted its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,250,626 shares of the construction company's stock after buying an additional 397,492 shares during the period. Nordea Investment Management AB owned about 0.83% of Lennar worth $308,696,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LEN. D1 Capital Partners L.P. grew its position in shares of Lennar by 428.9% in the 2nd quarter. D1 Capital Partners L.P. now owns 2,420,000 shares of the construction company's stock worth $362,685,000 after buying an additional 1,962,447 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Lennar in the 3rd quarter valued at approximately $115,229,000. Pacer Advisors Inc. lifted its stake in shares of Lennar by 15.1% in the 2nd quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company's stock valued at $452,886,000 after purchasing an additional 396,951 shares during the period. KBC Group NV lifted its stake in shares of Lennar by 258.3% in the 3rd quarter. KBC Group NV now owns 494,848 shares of the construction company's stock valued at $92,774,000 after purchasing an additional 356,731 shares during the period. Finally, Marshall Wace LLP raised its stake in Lennar by 20.9% during the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company's stock valued at $302,084,000 after buying an additional 348,553 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Performance

Shares of LEN traded down $0.91 during trading hours on Monday, hitting $134.97. The stock had a trading volume of 2,393,327 shares, compared to its average volume of 2,128,371. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 4.90. The firm has a 50-day moving average price of $160.25 and a 200 day moving average price of $168.40. Lennar Co. has a fifty-two week low of $133.72 and a fifty-two week high of $193.80. The firm has a market capitalization of $36.61 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.28 and a beta of 1.66.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts' consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the prior year, the company posted $4.82 earnings per share. The business's revenue was down 9.3% on a year-over-year basis. As a group, research analysts anticipate that Lennar Co. will post 14.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LEN shares. The Goldman Sachs Group decreased their price target on Lennar from $190.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, December 23rd. UBS Group cut their price objective on Lennar from $225.00 to $205.00 and set a "buy" rating for the company in a report on Friday, December 20th. Citigroup cut their price target on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a report on Monday. Wells Fargo & Company cut their price target on Lennar from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Tuesday, December 17th. Finally, Royal Bank of Canada dropped their price objective on Lennar from $160.00 to $130.00 and set an "underperform" rating for the company in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $172.31.

Insider Transactions at Lennar

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company's stock in a transaction dated Monday, October 28th. The shares were 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 owns 23,689 shares of the company's stock, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 9.36% of the company's stock.

About Lennar

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.