Lennar Co. (NYSE:LEN) Shares Acquired by Soditic Asset Management LLP

Soditic Asset Management LLP increased its position in shares of Lennar Co. (NYSE:LEN) by 143.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,290 shares of the construction company’s stock after acquiring an additional 17,240 shares during the period. Lennar makes up about 5.6% of Soditic Asset Management LLP’s investment portfolio, making the stock its 7th largest position. Soditic Asset Management LLP’s holdings in Lennar were worth $5,491,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in shares of Lennar by 6.9% in the 3rd quarter. CIBC Asset Management Inc now owns 35,744 shares of the construction company’s stock worth $6,701,000 after acquiring an additional 2,320 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in Lennar by 54.5% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,146 shares of the construction company’s stock worth $590,000 after buying an additional 1,110 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Lennar by 101.2% in the third quarter. OneDigital Investment Advisors LLC now owns 8,673 shares of the construction company’s stock worth $1,626,000 after buying an additional 4,363 shares during the period. KBC Group NV increased its position in shares of Lennar by 258.3% in the third quarter. KBC Group NV now owns 494,848 shares of the construction company’s stock worth $92,774,000 after acquiring an additional 356,731 shares in the last quarter. Finally, Schrum Private Wealth Management LLC acquired a new stake in shares of Lennar during the third quarter valued at approximately $476,000. 81.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.36% of the company’s stock.

Lennar Price Performance

Lennar stock opened at $169.79 on Friday. The company has a market capitalization of $46.05 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.62. The business has a 50 day simple moving average of $179.72 and a 200 day simple moving average of $168.65. Lennar Co. has a one year low of $125.17 and a one year high of $193.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.90 and a quick ratio of 0.98.

Lennar (NYSE:LEN) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.91 EPS. On average, sell-side analysts forecast that Lennar Co. will post 14.18 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.18%. Lennar’s payout ratio is 13.25%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. StockNews.com downgraded Lennar from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Keefe, Bruyette & Woods boosted their price objective on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Bank Of America (Bofa) increased their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, JMP Securities increased their price objective on Lennar from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.