APG Asset Management N.V. Has $4.10 Million Stock Holdings in Lennar Co. (NYSE:LEN)

APG Asset Management N.V. raised its position in Lennar Co. (NYSE:LEN - Free Report) by 183.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,345 shares of the construction company's stock after acquiring an additional 19,000 shares during the quarter. APG Asset Management N.V.'s holdings in Lennar were worth $4,104,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LEN. D1 Capital Partners L.P. grew its position in shares of Lennar by 428.9% during the second 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 in the last quarter. Pacer Advisors Inc. boosted its holdings in Lennar by 15.1% in the second quarter. Pacer Advisors Inc. now owns 3,021,856 shares of the construction company's stock worth $452,886,000 after purchasing an additional 396,951 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Lennar in the first quarter worth $61,807,000. Jacobs Levy Equity Management Inc. boosted its holdings in Lennar by 157.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 575,003 shares of the construction company's stock worth $98,889,000 after purchasing an additional 351,698 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Lennar by 20.9% in the second quarter. Marshall Wace LLP now owns 2,015,641 shares of the construction company's stock worth $302,084,000 after purchasing an additional 348,553 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Performance

Shares of LEN traded up $0.45 during mid-day trading on Monday, hitting $187.48. The company's stock had a trading volume of 1,333,728 shares, compared to its average volume of 2,080,907. Lennar Co. has a one year low of $102.90 and a one year high of $193.80. 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 market capitalization of $51.48 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.71 and a beta of 1.61. The stock's 50-day moving average is $178.55 and its two-hundred day moving average is $164.94.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.91 earnings per share. As a group, sell-side analysts anticipate that Lennar Co. will post 14.13 EPS for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.00 annualized dividend and a yield of 1.07%. Lennar's dividend payout ratio is currently 13.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com cut Lennar from a "buy" rating to a "hold" rating in a research note on Saturday. Bank Of America (Bofa) lifted their price objective on shares of Lennar from $171.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Evercore ISI dropped their price target on shares of Lennar from $240.00 to $236.00 and set an "outperform" rating on the stock in a research report on Monday, September 23rd. Wedbush reiterated a "neutral" rating and issued a $144.00 price target on shares of Lennar in a research report on Friday, September 20th. Finally, Barclays boosted their price target on shares of Lennar from $177.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $181.94.

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.