Mn Services Vermogensbeheer B.V. Sells 9,400 Shares of Lennar Co. (NYSE:LEN)

Mn Services Vermogensbeheer B.V. trimmed its holdings in Lennar Co. (NYSE:LEN - Free Report) by 9.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,500 shares of the construction company's stock after selling 9,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Lennar were worth $10,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LEN. Hurley Capital LLC bought a new position in Lennar in the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in Lennar in the fourth quarter worth $28,000. Ameriflex Group Inc. bought a new position in Lennar in the fourth quarter worth $30,000. Opal Wealth Advisors LLC bought a new position in Lennar in the first quarter worth $30,000. Finally, NBC Securities Inc. bought a new position in Lennar in the first quarter worth $33,000. 81.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

LEN has been the subject of several research reports. Evercore ISI reaffirmed an "in-line" rating and issued a $131.00 target price (down from $159.00) on shares of Lennar in a research report on Monday, March 24th. Barclays dropped their price objective on Lennar from $121.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, March 24th. Seaport Res Ptn upgraded Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Bank of America dropped their price objective on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods dropped their price objective on Lennar from $141.00 to $128.00 and set a "market perform" rating for the company in a research note on Tuesday, March 25th. Fifteen research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lennar has an average rating of "Hold" and a consensus price target of $150.07.

Lennar Price Performance

Shares of LEN stock opened at $109.35 on Tuesday. The stock has a 50-day moving average price of $107.98 and a 200 day moving average price of $122.83. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $28.84 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.24 and a beta of 1.33. Lennar Co. has a 12 month low of $98.42 and a 12 month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Monday, June 16th. The construction company reported $1.81 EPS for the quarter, missing analysts' consensus estimates of $1.94 by ($0.13). The firm had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.21 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. Lennar's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.45 earnings per share. Research analysts expect that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.83%. Lennar's payout ratio is 14.57%.

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.

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