Achmea Investment Management B.V. Buys New Stake in Lund Enterprises Corp (LEN)

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.

Institutional Ownership by Quarter for Lund Enterprises Corp (NYSE:LEN)

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