National Investment Services Inc. WI lowered its position in Lennar Corporation (NYSE:LEN) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,218 shares of the company’s stock after selling 1,488 shares during the period. Lennar Corporation makes up about 3.0% of National Investment Services Inc. WI’s portfolio, making the stock its 14th largest position. National Investment Services Inc. WI’s holdings in Lennar Corporation were worth $2,634,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LEN. IBM Retirement Fund raised its position in shares of Lennar Corporation by 6.5% in the second quarter. IBM Retirement Fund now owns 19,204 shares of the company’s stock worth $885,000 after buying an additional 1,169 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Lennar Corporation by 2.9% in the second quarter. LS Investment Advisors LLC now owns 7,648 shares of the company’s stock worth $353,000 after buying an additional 217 shares during the last quarter. Shell Asset Management Co. raised its position in shares of Lennar Corporation by 33.0% in the second quarter. Shell Asset Management Co. now owns 13,325 shares of the company’s stock worth $614,000 after buying an additional 3,309 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Lennar Corporation during the second quarter worth $5,570,000. Finally, Pitcairn Co. raised its position in shares of Lennar Corporation by 1.7% in the second quarter. Pitcairn Co. now owns 7,530 shares of the company’s stock worth $347,000 after buying an additional 125 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Lennar Corporation (NYSE:LEN)

Shares of Lennar Corporation (NYSE:LEN) traded down 0.32% during mid-day trading on Friday, reaching $44.29. The company had a trading volume of 1,002,939 shares. The stock has a market capitalization of $10.09 billion, a P/E ratio of 11.14 and a beta of 1.29. Lennar Corporation has a one year low of $37.14 and a one year high of $49.60. The firm has a 50 day moving average of $43.62 and a 200-day moving average of $44.51.

Lennar Corporation (NYSE:LEN) last posted its quarterly earnings results on Monday, December 19th. The company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.06. Lennar Corporation had a return on equity of 14.23% and a net margin of 8.33%. The firm earned $3.38 million during the quarter. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts forecast that Lennar Corporation will post $3.82 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another publication, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The correct version of this story can be viewed at http://www.dailypolitical.com/2017/01/13/national-investment-services-inc-wi-reduces-stake-in-lennar-corporation-len.html.

LEN has been the topic of a number of research reports. Wedbush initiated coverage on Lennar Corporation in a research report on Monday, September 19th. They set a “neutral” rating and a $46.00 target price on the stock. Citigroup Inc. lowered their target price on Lennar Corporation from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 21st. Royal Bank Of Canada lowered their target price on Lennar Corporation from $64.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 21st. RBC Capital Markets reaffirmed a “buy” rating and set a $55.00 target price (down from $64.00) on shares of Lennar Corporation in a research report on Wednesday, September 21st. Finally, Keefe, Bruyette & Woods decreased their price target on Lennar Corporation from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, September 21st. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $52.83.

About Lennar Corporation

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.

5 Day Chart for NYSE:LEN

Want to see what other hedge funds are holding LEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lennar Corporation (NYSE:LEN).

Receive News & Ratings for Lennar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Corporation and related companies with MarketBeat.com's FREE daily email newsletter.