Lennar Co. (NYSE:LEN) Shares Acquired by Swedbank AB

Swedbank AB grew its holdings in shares of Lennar Co. (NYSE:LEN - Free Report) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,709 shares of the construction company's stock after buying an additional 8,405 shares during the period. Swedbank AB owned 0.06% of Lennar worth $30,880,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in Lennar by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 350,987 shares of the construction company's stock worth $60,364,000 after acquiring an additional 6,136 shares during the last quarter. SVB Wealth LLC lifted its stake in shares of Lennar by 15.9% during the 1st quarter. SVB Wealth LLC now owns 3,916 shares of the construction company's stock valued at $674,000 after buying an additional 538 shares in the last quarter. Bayesian Capital Management LP bought a new position in Lennar in the 1st quarter worth $996,000. B. Riley Wealth Advisors Inc. raised its holdings in Lennar by 31.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 9,802 shares of the construction company's stock valued at $1,686,000 after acquiring an additional 2,332 shares during the period. Finally, Redwood Investment Management LLC bought a new position in shares of Lennar in the first quarter worth about $1,546,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Down 2.9 %

Shares of LEN stock traded down $5.26 during trading hours on Tuesday, reaching $173.40. 1,987,682 shares of the company's stock were exchanged, compared to its average volume of 2,047,506. The stock has a market cap of $47.03 billion, a PE ratio of 11.83, a PEG ratio of 1.58 and a beta of 1.62. 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 stock's fifty day moving average price is $177.90 and its two-hundred day moving average price is $169.46. Lennar Co. has a 1 year low of $125.17 and a 1 year high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 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 the consensus estimate of $9.14 billion. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.91 earnings per share. Research analysts predict that Lennar Co. will post 14.18 EPS for the current year.

Lennar Dividend Announcement

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

Insider Transactions at Lennar

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the stock in a transaction that occurred on 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 owns 23,689 shares in the company, valued at $4,148,654.57. This trade represents a 42.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LEN shares. Keefe, Bruyette & Woods boosted their price target on Lennar from $183.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, September 4th. Wells Fargo & Company dropped their target price on shares of Lennar from $190.00 to $180.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. Bank Of America (Bofa) boosted their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. Zelman & Associates raised Lennar from a "neutral" rating to an "outperform" rating in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. increased their price target on Lennar from $154.00 to $173.00 and gave the company a "neutral" rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Lennar has an average rating of "Hold" and a consensus price target of $180.56.

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.