Mitsubishi UFJ Trust & Banking Corp Has $53.53 Million Stock Position in Lennar Co. (NYSE:LEN)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Lennar Co. (NYSE:LEN) by 1.5% in the 1st quarter, HoldingsChannel reports. The fund owned 315,511 shares of the construction company’s stock after selling 4,679 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lennar were worth $53,531,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC grew its stake in Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Lennar in the 1st quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Lennar during the first quarter worth $35,000. Criterion Capital Advisors LLC bought a new stake in shares of Lennar in the fourth quarter valued at approximately $36,000. Finally, Sunbelt Securities Inc. acquired a new stake in Lennar during the first quarter worth about $44,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Buying and Selling at Lennar

In other Lennar news, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total transaction of $1,701,100.00. Following the transaction, the insider now owns 118,629 shares of the company’s stock, valued at $20,179,979.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Mark Sustana sold 9,176 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $164.88, for a total transaction of $1,512,938.88. Following the completion of the transaction, the vice president now directly owns 16,768 shares of the company’s stock, valued at $2,764,707.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $170.11, for a total value of $1,701,100.00. Following the sale, the insider now owns 118,629 shares of the company’s stock, valued at approximately $20,179,979.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,176 shares of company stock worth $4,841,039. Corporate insiders own 9.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada reiterated an “underperform” rating and set a $145.00 target price on shares of Lennar in a research report on Thursday, June 20th. BTIG Research cut their price objective on Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, June 20th. JMP Securities restated a “market outperform” rating and set a $170.00 price target on shares of Lennar in a report on Thursday, June 20th. Wedbush upgraded Lennar from an “underperform” rating to a “neutral” rating and set a $144.00 price target for the company in a report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $183.00 price target on shares of Lennar in a report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $166.88.

Lennar Trading Up 0.5 %

Shares of NYSE LEN traded up $0.91 during trading on Friday, reaching $170.94. The stock had a trading volume of 1,823,108 shares, compared to its average volume of 2,509,909. 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 company has a market cap of $46.94 billion, a P/E ratio of 11.62, a PEG ratio of 1.54 and a beta of 1.60. The business’s 50-day moving average price is $155.34 and its 200-day moving average price is $155.99. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $177.79.

Lennar (NYSE:LEN) last released its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping the consensus estimate of $3.20 by $0.18. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.57 billion. Lennar had a return on equity of 15.93% and a net margin of 11.58%. On average, equities research analysts predict that Lennar Co. will post 14.24 EPS for the current fiscal year.

Lennar Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, July 5th. Lennar’s payout ratio is currently 13.60%.

Lennar 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.