Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Lennar Corporation $LEN

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Lennar Corporation by 20.2%, now holding 138,012 shares valued at approximately $15.27 million.
• Analysts have mixed opinions on Lennar stock, with price targets ranging from $95.00 to $161.00, indicating a general consensus rating of "Hold".
• Lennar recently announced a $0.50 quarterly dividend, representing a yield of 1.5%, with the ex-dividend date set for October 10th.

Robeco Institutional Asset Management B.V. cut its stake in Lennar Corporation (NYSE:LEN - Free Report) by 20.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,012 shares of the construction company's stock after selling 35,015 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.05% of Lennar worth $15,266,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LEN. Kingstone Capital Partners Texas LLC acquired a new position in shares of Lennar during the second quarter worth about $424,950,000. The Manufacturers Life Insurance Company grew its holdings in Lennar by 45.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company's stock worth $1,020,866,000 after acquiring an additional 2,777,567 shares in the last quarter. Eminence Capital LP increased its position in shares of Lennar by 130.8% in the 1st quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company's stock valued at $181,523,000 after purchasing an additional 896,264 shares during the last quarter. Brave Warrior Advisors LLC raised its holdings in shares of Lennar by 23.4% in the 1st quarter. Brave Warrior Advisors LLC now owns 2,189,608 shares of the construction company's stock valued at $251,323,000 after purchasing an additional 415,218 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of Lennar during the first quarter worth $41,788,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Wall Street Analysts Forecast Growth

LEN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price target on Lennar from $128.00 to $114.00 and set a "market perform" rating for the company in a report on Friday, June 20th. Barclays decreased 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. Raymond James Financial lowered shares of Lennar from a "market perform" rating to an "underperform" rating in a research note on Monday, September 22nd. The Goldman Sachs Group boosted their price objective on shares of Lennar from $122.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. Finally, UBS Group increased their target price on shares of Lennar from $146.00 to $161.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $123.75.

Lennar Price Performance

LEN stock opened at $130.13 on Friday. The business has a 50 day simple moving average of $128.71 and a 200-day simple moving average of $116.35. The company has a market capitalization of $33.70 billion, a P/E ratio of 12.86, a PEG ratio of 5.82 and a beta of 1.37. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $189.65. The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The construction company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.14 by $0.15. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the firm earned $3.90 EPS. Lennar's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities 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 Monday, October 27th. Investors of record on Friday, October 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, October 10th. Lennar's payout ratio is 19.76%.

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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