Lennar Co. (NYSE:LEN) Shares Sold by Sivia Capital Partners LLC

Sivia Capital Partners LLC lowered its stake in Lennar Co. (NYSE:LEN) by 20.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,571 shares of the construction company’s stock after selling 399 shares during the quarter. Sivia Capital Partners LLC’s holdings in Lennar were worth $270,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in Lennar by 5.9% in the third quarter. The Manufacturers Life Insurance Company now owns 6,544,345 shares of the construction company’s stock valued at $734,477,000 after buying an additional 366,983 shares during the last quarter. Pacer Advisors Inc. lifted its position in Lennar by 3.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,681,233 shares of the construction company’s stock valued at $399,611,000 after buying an additional 79,217 shares during the last quarter. Nordea Investment Management AB lifted its position in Lennar by 4.4% in the fourth quarter. Nordea Investment Management AB now owns 1,700,016 shares of the construction company’s stock valued at $253,319,000 after buying an additional 72,146 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lennar by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,550,371 shares of the construction company’s stock valued at $231,067,000 after buying an additional 8,008 shares during the last quarter. Finally, Eminence Capital LP lifted its position in Lennar by 14.8% in the third quarter. Eminence Capital LP now owns 803,219 shares of the construction company’s stock valued at $90,145,000 after buying an additional 103,647 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Stock Down 0.1 %

Lennar stock traded down $0.16 during mid-day trading on Wednesday, hitting $143.45. The company had a trading volume of 625,521 shares, compared to its average volume of 2,095,510. The stock has a market cap of $39.93 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.35 and a beta of 1.60. Lennar Co. has a 1 year low of $102.90 and a 1 year high of $172.59. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $155.87 and a 200 day moving average of $155.43.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $2.00 annualized dividend and a yield of 1.39%. Lennar’s dividend payout ratio is currently 13.60%.

Insider Transactions at Lennar

In other Lennar news, Director Amy Banse bought 1,575 shares of the stock in a transaction dated Wednesday, April 10th. The shares were acquired at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Lennar news, Director Amy Banse bought 1,575 shares of the stock in a transaction dated Wednesday, April 10th. The shares were acquired at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the transaction, the director now owns 11,859 shares in the company, valued at approximately $1,861,863. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mark Sustana sold 9,176 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the transaction, the vice president now owns 16,768 shares in the company, valued at $2,764,707.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,176 shares of company stock worth $4,841,039. Insiders own 9.36% of the company’s stock.

Wall Street Analyst Weigh In

LEN has been the topic of several research reports. Barclays increased their price target on shares of Lennar from $173.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Wedbush reissued an “underperform” rating and set a $144.00 price target on shares of Lennar in a research report on Tuesday, June 18th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $183.00 price target on shares of Lennar in a research report on Tuesday, June 18th. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $145.00 target price on shares of Lennar in a research note on Thursday, June 20th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennar presently has an average rating of “Hold” and an average target price of $166.69.

Lennar 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.