Achmea Investment Management B.V. purchased a new stake in shares of Lund Enterprises Corp (NYSE:LEN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,900 shares of the company’s stock, valued at approximately $314,000.
Several other hedge funds and other institutional investors also recently modified their holdings of LEN. The Manufacturers Life Insurance Company boosted its position in Lund Enterprises Corp by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,516,323 shares of the company’s stock valued at $400,771,000 after purchasing an additional 386,110 shares during the last quarter. Greenhaven Associates Inc. increased its stake in shares of Lund Enterprises Corp by 0.9% in the second quarter. Greenhaven Associates Inc. now owns 5,420,516 shares of the company’s stock worth $289,022,000 after purchasing an additional 46,200 shares during the period. Principal Financial Group Inc. increased its stake in shares of Lund Enterprises Corp by 25.0% in the second quarter. Principal Financial Group Inc. now owns 3,129,708 shares of the company’s stock worth $166,876,000 after purchasing an additional 625,329 shares during the period. Alliancebernstein L.P. increased its stake in shares of Lund Enterprises Corp by 9.6% in the second quarter. Alliancebernstein L.P. now owns 2,295,966 shares of the company’s stock worth $122,421,000 after purchasing an additional 201,379 shares during the period. Finally, Smead Capital Management Inc. increased its stake in shares of Lund Enterprises Corp by 43.3% in the second quarter. Smead Capital Management Inc. now owns 1,866,187 shares of the company’s stock worth $99,505,000 after purchasing an additional 564,085 shares during the period.
Lund Enterprises Corp (NYSE LEN) traded down C$0.21 during trading hours on Friday, hitting C$58.71. 5,260,000 shares of the stock traded hands, compared to its average volume of 3,820,000. Lund Enterprises Corp has a one year low of C$40.94 and a one year high of C$59.32.
Lund Enterprises Corp (NYSE:LEN) last issued its quarterly earnings data on Tuesday, October 3rd. The company reported C$1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.01 by C$0.05. Lund Enterprises Corp had a net margin of 7.47% and a return on equity of 13.30%. The business had revenue of C$3.26 billion during the quarter, compared to the consensus estimate of C$3.25 billion. During the same period in the prior year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Wednesday, October 18th.
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Several equities research analysts have recently weighed in on the company. Argus reissued a “buy” rating and issued a $60.00 target price (up from $57.00) on shares of Lund Enterprises Corp in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $62.00 target price on shares of Lund Enterprises Corp in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Lund Enterprises Corp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub downgraded shares of Lund Enterprises Corp from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Royal Bank of Canada restated a “buy” rating and set a $64.00 price objective on shares of Lund Enterprises Corp in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$57.93.
In other Lund Enterprises Corp news, CFO Bruce E. Gross sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of C$56.48, for a total value of C$282,400.00. Following the transaction, the chief financial officer now directly owns 376,043 shares in the company, valued at C$21,238,908.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Lund Enterprises Corp Company 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.
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