Janus Henderson Group PLC Buys 15,731 Shares of Lennar Corporation (NYSE:LEN)

Janus Henderson Group PLC boosted its stake in Lennar Corporation (NYSE:LEN) by 55.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,156 shares of the construction company’s stock after acquiring an additional 15,731 shares during the period. Janus Henderson Group PLC’s holdings in Lennar Corporation were worth $2,355,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LEN. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Lennar Corporation by 5.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,340 shares of the construction company’s stock valued at $325,000 after buying an additional 330 shares in the last quarter. KCG Holdings Inc. bought a new position in Lennar Corporation in the 1st quarter worth about $800,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Lennar Corporation by 6.4% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 28,123 shares of the construction company’s stock worth $1,440,000 after purchasing an additional 1,700 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Lennar Corporation by 19.1% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 26,042 shares of the construction company’s stock worth $1,333,000 after purchasing an additional 4,182 shares in the last quarter. Finally, DnB Asset Management AS boosted its stake in Lennar Corporation by 2.8% in the 2nd quarter. DnB Asset Management AS now owns 22,400 shares of the construction company’s stock worth $1,194,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

LEN has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Lennar Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. MKM Partners reissued a “neutral” rating on shares of Lennar Corporation in a research report on Tuesday, September 5th. JMP Securities raised Lennar Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, November 6th. Wedbush reissued a “neutral” rating and issued a $54.00 target price on shares of Lennar Corporation in a research report on Thursday, September 14th. Finally, Argus reaffirmed a “buy” rating and set a $60.00 price target (up previously from $57.00) on shares of Lennar Corporation in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Lennar Corporation has an average rating of “Hold” and an average price target of $57.93.

Shares of Lennar Corporation (LEN) traded down $0.22 during trading on Friday, hitting $58.71. The stock had a trading volume of 5,263,700 shares, compared to its average volume of 2,365,712. The stock has a market capitalization of $13,863.87, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76. Lennar Corporation has a 1 year low of $40.94 and a 1 year high of $59.32.

Lennar Corporation (NYSE:LEN) last announced its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. Lennar Corporation 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 quarter last year, the firm posted $1.01 earnings per share. research analysts forecast that Lennar Corporation will post 4.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $0.16 annualized dividend and a dividend yield of 0.27%. Lennar Corporation’s dividend payout ratio is currently 4.61%.

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In related news, CFO Bruce E. Gross sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $56.48, for a total transaction of $282,400.00. Following the sale, the chief financial officer now owns 376,043 shares of the company’s stock, valued at $21,238,908.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.18% of the stock is owned by company insiders.

About Lennar Corporation

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 Corporation (NYSE:LEN)

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