SG Americas Securities LLC lowered its stake in shares of Lennar Co. (NYSE:LEN) by 67.6% during the fourth quarter, HoldingsChannel reports. The firm owned 25,993 shares of the construction company’s stock after selling 54,207 shares during the quarter. SG Americas Securities LLC’s holdings in Lennar were worth $1,644,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Capital Growth Management LP raised its stake in shares of Lennar by 28.2% during the 3rd quarter. Capital Growth Management LP now owns 1,090,000 shares of the construction company’s stock worth $57,552,000 after purchasing an additional 240,000 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Lennar by 2.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,076,505 shares of the construction company’s stock valued at $56,860,000 after acquiring an additional 29,016 shares during the period. Swiss National Bank raised its stake in Lennar by 1.0% in the 3rd quarter. Swiss National Bank now owns 748,500 shares of the construction company’s stock valued at $39,521,000 after acquiring an additional 7,500 shares during the period. California Public Employees Retirement System raised its stake in Lennar by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 420,210 shares of the construction company’s stock valued at $22,187,000 after acquiring an additional 10,410 shares during the period. Finally, RWC Asset Management LLP raised its stake in Lennar by 20.6% in the 3rd quarter. RWC Asset Management LLP now owns 358,295 shares of the construction company’s stock valued at $18,918,000 after acquiring an additional 61,163 shares during the period. Institutional investors own 80.79% of the company’s stock.

LEN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Lennar from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Royal Bank of Canada set a $82.00 price target on Lennar and gave the company a “buy” rating in a research note on Friday, January 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $78.00 price target on shares of Lennar in a research note on Thursday, January 11th. ValuEngine upgraded Lennar from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Credit Suisse Group restated a “neutral” rating and issued a $65.00 price target (up previously from $57.00) on shares of Lennar in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.07.

In other news, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now directly owns 371,043 shares of the company’s stock, valued at approximately $22,262,580. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bruce E. Gross sold 1,000 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $72.00, for a total value of $72,000.00. Following the sale, the chief financial officer now directly owns 356,043 shares in the company, valued at $25,635,096. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,000 shares of company stock worth $12,392,050. Insiders own 12.18% of the company’s stock.

Lennar Co. (NYSE:LEN) opened at $59.11 on Friday. The company has a quick ratio of 1.67, a current ratio of 8.42 and a debt-to-equity ratio of 0.80. Lennar Co. has a 1-year low of $44.65 and a 1-year high of $72.17. The company has a market capitalization of $14,329.69, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.21). Lennar had a net margin of 6.41% and a return on equity of 12.00%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the company earned $1.34 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. equities research analysts predict that Lennar Co. will post 5.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Thursday, January 25th. Lennar’s dividend payout ratio is 4.68%.

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Lennar 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 (NYSE:LEN)

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