13,563 Shares in Lennar Co. (NYSE:LEN) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in shares of Lennar Co. (NYSE:LEN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,563 shares of the construction company’s stock, valued at approximately $2,543,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Central Bank & Trust Co. increased its stake in shares of Lennar by 155.3% during the second quarter. Central Bank & Trust Co. now owns 7,849 shares of the construction company’s stock valued at $1,176,000 after buying an additional 4,775 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Lennar by 15.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,504 shares of the construction company’s stock valued at $1,874,000 after purchasing an additional 1,644 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Lennar by 35.8% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,396 shares of the construction company’s stock worth $208,000 after purchasing an additional 368 shares in the last quarter. Dakota Wealth Management bought a new position in Lennar during the 2nd quarter valued at approximately $201,000. Finally, Freedom Day Solutions LLC raised its stake in Lennar by 5.4% during the second quarter. Freedom Day Solutions LLC now owns 15,159 shares of the construction company’s stock valued at $2,272,000 after buying an additional 783 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup increased their target price on Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Bank Of America (Bofa) upped their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Evercore ISI reduced their price target on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating for the company in a research report on Monday, September 23rd. Finally, Bank of America upped their price objective on Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Lennar has an average rating of “Hold” and an average price target of $183.76.

Insider Activity at Lennar

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

Lennar Price Performance

NYSE LEN opened at $154.39 on Friday. The company has a 50-day moving average price of $172.46 and a 200-day moving average price of $169.85. 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 firm has a market capitalization of $41.88 billion, a P/E ratio of 10.22, a PEG ratio of 1.31 and a beta of 1.61. Lennar Co. has a 52 week low of $140.65 and a 52 week high of $193.80.

Lennar (NYSE:LEN) last released its earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.28. The company had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. Lennar’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.91 earnings per share. Equities research analysts anticipate that Lennar Co. will post 14.11 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were issued a $0.50 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. Lennar’s dividend payout ratio (DPR) is 13.25%.

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.