Vinva Investment Management Ltd Has $11.35 Million Stock Position in Lennar Co. (NYSE:LEN)

Vinva Investment Management Ltd boosted its stake in shares of Lennar Co. (NYSE:LEN) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,697 shares of the construction company’s stock after purchasing an additional 5,470 shares during the quarter. Vinva Investment Management Ltd’s holdings in Lennar were worth $11,352,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Boston Partners lifted its stake in shares of Lennar by 21.5% in the first quarter. Boston Partners now owns 23,775 shares of the construction company’s stock valued at $4,089,000 after buying an additional 4,207 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Lennar by 23,048.0% during the 3rd quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after purchasing an additional 149,812 shares in the last quarter. Fulton Bank N.A. bought a new stake in shares of Lennar during the second quarter valued at approximately $477,000. Smead Capital Management Inc. raised its stake in shares of Lennar by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,666,905 shares of the construction company’s stock valued at $499,991,000 after purchasing an additional 89,896 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in Lennar by 91.1% during the first quarter. Tidal Investments LLC now owns 14,318 shares of the construction company’s stock worth $2,456,000 after buying an additional 6,824 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Lennar Price Performance

Lennar stock opened at $174.16 on Thursday. The business’s 50-day simple moving average is $177.30 and its 200 day simple moving average is $169.56. The company has a quick ratio of 0.98, a current ratio of 4.90 and a debt-to-equity ratio of 0.08. The stock has a market cap of $47.24 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.67 and a beta of 1.62. Lennar Co. has a 12-month low of $125.17 and a 12-month high of $193.80.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company had revenue of $9.42 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same quarter last year, the firm earned $3.91 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Lennar Co. will post 14.18 earnings per share for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a $0.50 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. Lennar’s dividend payout ratio is currently 13.25%.

Insider Buying and Selling

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $175.13, for a total value of $3,064,775.00. Following the completion of the sale, the director now owns 23,689 shares of the company’s stock, valued at approximately $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.36% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Lennar from $177.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Citigroup raised their price target on shares of Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Royal Bank of Canada increased their target price on Lennar from $145.00 to $160.00 and gave the stock an “underperform” rating in a report on Monday, September 23rd. Wells Fargo & Company decreased their price target on Lennar from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Lennar from $154.00 to $173.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $184.29.

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.