Lennar Corporation (NYSE:LEN) Shares Sold by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. trimmed its holdings in shares of Lennar Corporation (NYSE:LEN - Free Report) by 31.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the construction company's stock after selling 2,500 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Lennar were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Horizon Investments LLC grew its holdings in shares of Lennar by 2.1% during the fourth quarter. Horizon Investments LLC now owns 4,818 shares of the construction company's stock worth $629,000 after purchasing an additional 98 shares during the last quarter. Unison Advisors LLC boosted its stake in shares of Lennar by 0.3% during the fourth quarter. Unison Advisors LLC now owns 37,040 shares of the construction company's stock worth $5,051,000 after buying an additional 100 shares during the period. Mather Group LLC. increased its position in Lennar by 8.4% in the 1st quarter. Mather Group LLC. now owns 1,517 shares of the construction company's stock valued at $174,000 after acquiring an additional 117 shares during the period. Omnia Family Wealth LLC lifted its position in Lennar by 1.9% during the 1st quarter. Omnia Family Wealth LLC now owns 6,417 shares of the construction company's stock worth $737,000 after acquiring an additional 119 shares during the period. Finally, Legacy Advisors LLC increased its holdings in shares of Lennar by 4.8% in the first quarter. Legacy Advisors LLC now owns 2,628 shares of the construction company's stock valued at $302,000 after purchasing an additional 120 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LEN shares. Royal Bank Of Canada lowered their price objective on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Wednesday, June 18th. Keefe, Bruyette & Woods dropped their price target on shares of Lennar from $128.00 to $114.00 and set a "market perform" rating on the stock in a research note on Friday, June 20th. The Goldman Sachs Group reduced their price objective on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Barclays cut their target price on Lennar from $110.00 to $95.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Finally, Wedbush restated a "neutral" rating and issued a $130.00 price target on shares of Lennar in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $128.85.

Lennar Stock Down 0.8%

Shares of Lennar stock traded down $0.84 during trading on Monday, reaching $109.28. The company had a trading volume of 2,828,529 shares, compared to its average volume of 2,715,547. The company has a market cap of $28.83 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 4.54 and a beta of 1.33. The firm's fifty day moving average is $108.89 and its 200-day moving average is $117.97. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). The business had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.21 billion. Lennar had a return on equity of 12.73% and a net margin of 9.20%. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.45 EPS. On average, analysts anticipate that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, July 3rd. Lennar's dividend payout ratio (DPR) is 16.54%.

Lennar 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.