1,627 Shares in Lennar Co. (LEN) Purchased by Itau Unibanco Holding S.A.
Itau Unibanco Holding S.A. bought a new position in shares of Lennar Co. (NYSE:LEN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,627 shares of the construction company’s stock, valued at approximately $103,000.
A number of other hedge funds have also recently added to or reduced their stakes in LEN. QS Investors LLC increased its holdings in Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after purchasing an additional 25 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Lennar by 3.7% during the 2nd quarter. Macquarie Group Ltd. now owns 5,590 shares of the construction company’s stock worth $298,000 after purchasing an additional 200 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Lennar by 55.3% during the 2nd quarter. Janus Henderson Group PLC now owns 44,156 shares of the construction company’s stock worth $2,355,000 after purchasing an additional 15,731 shares in the last quarter. Achmea Investment Management B.V. bought a new position in Lennar during the 2nd quarter worth about $314,000. Finally, Shell Asset Management Co. increased its holdings in Lennar by 111.4% during the 3rd quarter. Shell Asset Management Co. now owns 29,223 shares of the construction company’s stock worth $1,135,000 after purchasing an additional 15,398 shares in the last quarter. Hedge funds and other institutional investors own 86.35% of the company’s stock.
In related news, CFO Bruce E. Gross sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $69.43, for a total value of $347,150.00. Following the completion of the sale, the chief financial officer now directly owns 361,043 shares in the company, valued at approximately $25,067,215.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jonathan M. Jaffe sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.02, for a total transaction of $1,280,400.00. Following the completion of the sale, the chief operating officer now owns 99,000 shares of the company’s stock, valued at $6,337,980. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock valued at $12,092,050 over the last quarter. 12.18% of the stock is currently owned by company insiders.
Lennar Co. (NYSE:LEN) opened at $58.43 on Friday. Lennar Co. has a one year low of $46.67 and a one year high of $72.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 8.42. The company has a market cap of $13,800.35, a PE ratio of 17.08, a PEG ratio of 0.61 and a beta of 1.26.
Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. research analysts anticipate that Lennar Co. will post 5.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.27%. Lennar’s dividend payout ratio is 4.68%.
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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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