Advisor Partners LLC boosted its position in shares of Lennar Corporation (NYSE:LEN) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,986 shares of the construction company’s stock after buying an additional 382 shares during the period. Advisor Partners LLC’s holdings in Lennar Corporation were worth $266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LEN. Fisher Asset Management LLC increased its position in shares of Lennar Corporation by 0.7% in the second quarter. Fisher Asset Management LLC now owns 4,052 shares of the construction company’s stock worth $216,000 after buying an additional 27 shares during the period. State of Alaska Department of Revenue increased its position in shares of Lennar Corporation by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 6,157 shares of the construction company’s stock worth $328,000 after buying an additional 40 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Lennar Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 12,604 shares of the construction company’s stock worth $672,000 after buying an additional 48 shares during the period. Strs Ohio increased its position in shares of Lennar Corporation by 0.4% in the second quarter. Strs Ohio now owns 18,136 shares of the construction company’s stock worth $967,000 after buying an additional 68 shares during the period. Finally, Beaumont Financial Partners LLC increased its position in shares of Lennar Corporation by 0.9% in the first quarter. Beaumont Financial Partners LLC now owns 9,008 shares of the construction company’s stock worth $461,000 after buying an additional 80 shares during the period. 82.08% of the stock is owned by institutional investors.

Shares of Lennar Corporation (LEN) opened at 53.25 on Friday. The firm has a market cap of $12.49 billion, a PE ratio of 15.57 and a beta of 1.26. The firm has a 50-day moving average of $53.25 and a 200 day moving average of $51.02. Lennar Corporation has a 52 week low of $39.68 and a 52 week high of $55.75.

Lennar Corporation (NYSE:LEN) last released its quarterly earnings data on Tuesday, June 20th. The construction company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.13. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $2.90 billion. Lennar Corporation had a net margin of 6.78% and a return on equity of 12.57%. The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Equities research analysts predict that Lennar Corporation will post $3.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 13th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Tuesday, July 11th. Lennar Corporation’s dividend payout ratio (DPR) is presently 4.68%.

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A number of brokerages have recently commented on LEN. Mizuho began coverage on shares of Lennar Corporation in a research report on Tuesday, May 16th. They issued a “buy” rating and a $59.00 price objective for the company. Argus reissued a “buy” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Lennar Corporation in a research report on Tuesday, July 25th. Bank of America Corporation reissued a “buy” rating and issued a $63.00 price objective (up previously from $60.00) on shares of Lennar Corporation in a research report on Wednesday, June 21st. Zacks Investment Research downgraded shares of Lennar Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, MKM Partners reissued a “neutral” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Lennar Corporation in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Lennar Corporation has an average rating of “Buy” and an average target price of $56.53.

In other Lennar Corporation news, COO Jonathan M. Jaffe sold 20,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the sale, the chief operating officer now directly owns 139,433 shares of the company’s stock, valued at $7,413,652.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.18% of the stock is owned by corporate insiders.

Lennar Corporation Company Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

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

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