Lennar Co. (LEN) Holdings Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of Lennar Co. (NYSE:LEN) by 40.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,720 shares of the construction company’s stock after buying an additional 11,653 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Lennar were worth $2,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Comerica Bank raised its position in shares of Lennar by 3.1% during the 4th quarter. Comerica Bank now owns 52,232 shares of the construction company’s stock worth $3,701,000 after buying an additional 1,556 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Lennar by 14.2% during the 4th quarter. Toronto Dominion Bank now owns 88,013 shares of the construction company’s stock worth $5,566,000 after buying an additional 10,940 shares in the last quarter. Brinker Capital Inc. raised its position in shares of Lennar by 20.4% during the 1st quarter. Brinker Capital Inc. now owns 23,208 shares of the construction company’s stock worth $1,368,000 after buying an additional 3,931 shares in the last quarter. First Trust Advisors LP raised its position in shares of Lennar by 16.1% during the 4th quarter. First Trust Advisors LP now owns 306,342 shares of the construction company’s stock worth $19,373,000 after buying an additional 42,562 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Lennar by 9.8% during the 4th quarter. Amalgamated Bank now owns 25,169 shares of the construction company’s stock worth $1,592,000 after buying an additional 2,248 shares in the last quarter. Institutional investors own 86.25% of the company’s stock.

LEN has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Lennar from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, April 5th. Mizuho set a $80.00 price target on shares of Lennar and gave the stock a “buy” rating in a research report on Sunday, April 8th. ValuEngine downgraded shares of Lennar from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Credit Suisse Group set a $81.00 target price on shares of Lennar and gave the stock a “buy” rating in a report on Wednesday, April 4th. Finally, Zacks Investment Research downgraded shares of Lennar from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $71.19.

Lennar opened at $52.49 on Thursday, according to Marketbeat. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.84 and a current ratio of 16.40. Lennar Co. has a 12 month low of $49.52 and a 12 month high of $72.17. The company has a market capitalization of $17.49 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 0.60 and a beta of 1.25.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, April 4th. The construction company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.35. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.05 billion. Lennar had a net margin of 6.84% and a return on equity of 11.65%. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. research analysts expect that Lennar Co. will post 4.89 EPS for the current fiscal year.

In other news, SVP Jeffrey Joseph Mccall sold 50,887 shares of Lennar stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $50.70, for a total value of $2,579,970.90. Following the transaction, the senior vice president now directly owns 190,052 shares of the company’s stock, valued at $9,635,636.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Sonnenfeld sold 2,095 shares of Lennar stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $62.98, for a total transaction of $131,943.10. Following the completion of the transaction, the director now directly owns 32,072 shares in the company, valued at $2,019,894.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,870 shares of company stock worth $5,455,795. 8.50% of the stock is currently owned by insiders.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its 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.

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Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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