Soditic Asset Management LLP Has $5.49 Million Stock Position in Lennar Co. (NYSE:LEN)

Soditic Asset Management LLP increased its stake in Lennar Co. (NYSE:LEN) by 143.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,290 shares of the construction company’s stock after purchasing an additional 17,240 shares during the quarter. Lennar makes up 5.6% of Soditic Asset Management LLP’s investment portfolio, making the stock its 7th largest holding. Soditic Asset Management LLP’s holdings in Lennar were worth $5,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of LEN. Boston Partners grew its position in Lennar by 21.5% during the first quarter. Boston Partners now owns 23,775 shares of the construction company’s stock worth $4,089,000 after buying an additional 4,207 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Lennar by 23,048.0% during the third quarter. International Assets Investment Management LLC now owns 150,462 shares of the construction company’s stock worth $28,209,000 after acquiring an additional 149,812 shares during the period. Fulton Bank N.A. acquired a new position in Lennar during the second quarter worth $477,000. Rockport Wealth LLC bought a new position in shares of Lennar in the first quarter valued at $512,000. Finally, Bayesian Capital Management LP bought a new position in shares of Lennar in the 1st quarter valued at about $996,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Lennar Stock Performance

Shares of LEN stock opened at $169.79 on Friday. The stock has a 50 day simple moving average of $179.72 and a 200-day simple moving average of $168.65. The company has a market cap of $46.05 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.62. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. Lennar Co. has a 12-month low of $125.17 and a 12-month high of $193.80.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, September 19th. The construction company reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.28. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The company had revenue of $9.42 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter last year, the business posted $3.91 earnings per share. Lennar’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Lennar Co. will post 14.18 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s dividend payout ratio is currently 13.25%.

Insider Transactions at Lennar

In other Lennar news, Director Jeffrey Sonnenfeld sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now owns 23,689 shares in the company, valued at $4,148,654.57. This represents a 42.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 9.36% of the company’s stock.

Wall Street Analyst Weigh In

LEN has been the subject of several recent research reports. Citigroup increased their price objective on shares of Lennar from $164.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Lennar from $183.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Royal Bank of Canada upped their price target on Lennar from $145.00 to $160.00 and gave the company an “underperform” rating in a research report on Monday, September 23rd. StockNews.com cut shares of Lennar from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Finally, Barclays boosted their price objective on shares of Lennar from $177.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $180.56.

Lennar Company 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.