Commerzbank Aktiengesellschaft FI Purchases Shares of 8,176 Lennar Co. (LEN)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Lennar Co. (NYSE:LEN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,176 shares of the construction company’s stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. D.A. Davidson & CO. increased its position in Lennar by 8.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock valued at $101,000 after acquiring an additional 155 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of Lennar by 32.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock worth $114,000 after acquiring an additional 530 shares in the last quarter. QS Investors LLC lifted its stake in Lennar by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after buying an additional 25 shares in the last quarter. MUFG Americas Holdings Corp lifted its stake in Lennar by 7.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock valued at $173,000 after buying an additional 220 shares in the last quarter. Finally, Chartist Inc. CA purchased a new stake in Lennar in the 2nd quarter valued at approximately $200,000. 81.34% of the stock is owned by institutional investors.

In other news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now directly owns 371,043 shares in the company, valued at approximately $22,262,580. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 12.18% of the company’s stock.

A number of equities research analysts recently issued reports on LEN shares. Zacks Investment Research lowered Lennar from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. JMP Securities raised Lennar from a “market perform” rating to an “outperform” rating in a research note on Monday, November 6th. MKM Partners reaffirmed a “neutral” rating on shares of Lennar in a research note on Tuesday, September 5th. Mizuho reaffirmed a “hold” rating and issued a $53.00 target price on shares of Lennar in a research note on Friday, October 27th. Finally, BTIG Research upped their target price on Lennar from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $57.93.

Shares of Lennar Co. (NYSE:LEN) traded up $0.47 during trading on Monday, hitting $62.18. The company’s stock had a trading volume of 2,041,000 shares, compared to its average volume of 2,457,978. The stock has a market cap of $14,628.47, a price-to-earnings ratio of 15.94, a PEG ratio of 1.26 and a beta of 1.35. The company has a current ratio of 7.76, a quick ratio of 0.59 and a debt-to-equity ratio of 0.72. Lennar Co. has a one year low of $42.23 and a one year high of $63.94.

Lennar (NYSE:LEN) last released its quarterly earnings data on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.25 billion. Lennar had a return on equity of 12.37% and a net margin of 6.65%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. analysts forecast that Lennar Co. will post 4.04 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Commerzbank Aktiengesellschaft FI Purchases Shares of 8,176 Lennar Co. (LEN)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/12/11/commerzbank-aktiengesellschaft-fi-purchases-shares-of-8176-lennar-co-len.html.

Lennar Profile

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Institutional Ownership by Quarter for Lennar (NYSE:LEN)

Receive News & Ratings for Lennar Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply