Lennar Corporation (NYSE:LEN) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in Lennar Corporation (NYSE:LEN - Free Report) by 36.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,027 shares of the construction company's stock after selling 100,165 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Lennar worth $19,860,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LEN. Hurley Capital LLC acquired a new position in shares of Lennar in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lennar during the fourth quarter worth about $28,000. Ameriflex Group Inc. purchased a new position in Lennar in the 4th quarter valued at about $30,000. Opal Wealth Advisors LLC purchased a new stake in Lennar during the 1st quarter worth approximately $30,000. Finally, NBC Securities Inc. purchased a new position in shares of Lennar in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Lennar Trading Down 0.0%

Shares of NYSE LEN traded down $0.01 on Monday, reaching $110.21. 218,523 shares of the company traded hands, compared to its average volume of 2,673,511. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The company has a 50 day moving average of $108.37 and a 200 day moving average of $119.23. The stock has a market capitalization of $29.07 billion, a PE ratio of 9.11, a P/E/G ratio of 4.43 and a beta of 1.34. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12.

Lennar (NYSE:LEN - Get Free Report) last announced its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The firm had revenue of $8.38 billion during the quarter, compared to analysts' expectations of $8.21 billion. During the same quarter last year, the company posted $3.45 earnings per share. Lennar's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. Lennar's payout ratio is currently 16.54%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LEN shares. Zelman & Associates cut shares of Lennar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 18th. Evercore ISI cut their target price on Lennar from $131.00 to $114.00 and set an "in-line" rating for the company in a research note on Wednesday, June 18th. UBS Group cut their price target on shares of Lennar from $164.00 to $146.00 and set a "buy" rating for the company in a report on Wednesday, June 18th. Royal Bank Of Canada cut their price objective on Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a report on Wednesday, June 18th. Finally, Keefe, Bruyette & Woods reduced their price objective on Lennar from $128.00 to $114.00 and set a "market perform" rating on the stock in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lennar has a consensus rating of "Hold" and a consensus target price of $128.85.

Lennar Company 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.