Railway Pension Investments Ltd Has $8.90 Million Stock Position in Lennar Co. (NYSE:LEN)

Railway Pension Investments Ltd boosted its position in Lennar Co. (NYSE:LEN) by 82.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,400 shares of the construction company’s stock after buying an additional 26,800 shares during the quarter. Railway Pension Investments Ltd’s holdings in Lennar were worth $8,902,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LEN. Boston Partners grew its position in Lennar by 21.5% in the 1st quarter. Boston Partners now owns 23,775 shares of the construction company’s stock worth $4,089,000 after purchasing an additional 4,207 shares during the last quarter. Integrated Advisors Network LLC lifted its position in shares of Lennar by 177.3% in the 4th quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after acquiring an additional 19,985 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Lennar by 331.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,033 shares of the construction company’s stock worth $2,069,000 after purchasing an additional 9,246 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in shares of Lennar in the fourth quarter valued at $838,000. Finally, Norden Group LLC bought a new position in Lennar in the first quarter worth $5,592,000. Institutional investors own 81.10% of the company’s stock.

Lennar Trading Down 0.6 %

LEN traded down $1.05 during trading on Tuesday, reaching $182.60. 213,976 shares of the company’s stock were exchanged, compared to its average volume of 2,100,626. The company’s fifty day moving average price is $163.40 and its 200-day moving average price is $160.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 4.93. The firm has a market capitalization of $50.14 billion, a PE ratio of 12.40, a P/E/G ratio of 1.60 and a beta of 1.60. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $186.60.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.18. Lennar had a return on equity of 15.93% and a net margin of 11.58%. The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.57 billion. As a group, equities analysts forecast that Lennar Co. will post 14.16 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.10%. The ex-dividend date was Friday, July 5th. Lennar’s payout ratio is 13.60%.

Wall Street Analyst Weigh In

LEN has been the topic of several analyst reports. StockNews.com lowered shares of Lennar from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Evercore ISI raised their price target on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Citigroup reiterated a “neutral” rating and issued a $164.00 price objective (down from $174.00) on shares of Lennar in a research note on Tuesday, July 2nd. Argus raised their target price on Lennar from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Wedbush upgraded Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 price objective for the company in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $169.13.

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.