BNP Paribas Asset Management Holding S.A. Sells 13,599 Shares of Lennar Co. (NYSE:LEN)

BNP Paribas Asset Management Holding S.A. trimmed its holdings in shares of Lennar Co. (NYSE:LEN) by 13.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 91,199 shares of the construction company’s stock after selling 13,599 shares during the period. BNP Paribas Asset Management Holding S.A.’s holdings in Lennar were worth $13,592,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LEN. Annis Gardner Whiting Capital Advisors LLC bought a new position in Lennar during the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. bought a new stake in Lennar during the 3rd quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new position in Lennar in the 4th quarter valued at $36,000. NBC Securities Inc. acquired a new position in Lennar in the third quarter worth $56,000. Finally, Itau Unibanco Holding S.A. increased its stake in shares of Lennar by 34.3% in the third quarter. Itau Unibanco Holding S.A. now owns 497 shares of the construction company’s stock valued at $56,000 after buying an additional 127 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Oppenheimer restated a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. Wedbush restated an “underperform” rating and set a $144.00 target price on shares of Lennar in a research report on Tuesday, April 2nd. Evercore ISI raised their price target on Lennar from $224.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada dropped their target price on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a research report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.88.

Insider Buying and Selling at Lennar

In other news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the completion of the sale, the executive vice president now owns 128,629 shares in the company, valued at approximately $20,927,938.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Jeffrey Joseph Mccall sold 10,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $162.70, for a total transaction of $1,627,000.00. Following the sale, the executive vice president now directly owns 128,629 shares of the company’s stock, valued at approximately $20,927,938.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Amy Banse bought 1,575 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was bought at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the transaction, the director now directly owns 11,859 shares of the company’s stock, valued at $1,861,863. The disclosure for this purchase can be found here. Corporate insiders own 9.36% of the company’s stock.

Lennar Stock Down 0.8 %

LEN traded down $1.23 on Tuesday, hitting $162.44. 388,508 shares of the company were exchanged, compared to its average volume of 1,978,945. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. The stock’s fifty day moving average is $160.57 and its 200-day moving average is $150.30. The company has a market cap of $45.21 billion, a PE ratio of 11.44, a PEG ratio of 1.55 and a beta of 1.55. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.36. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.39 billion. Lennar had a net margin of 11.59% and a return on equity of 15.90%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 earnings per share. Equities research analysts predict that Lennar Co. will post 14.46 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lennar’s dividend payout ratio (DPR) is presently 14.02%.

Lennar Company Profile

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.