Teza Capital Management LLC Buys New Holdings in Lennar Co. (LEN)

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Teza Capital Management LLC acquired a new position in Lennar Co. (NYSE:LEN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,095 shares of the construction company’s stock, valued at approximately $1,067,000.

Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in Lennar in the 4th quarter worth about $103,000. Independence Bank of Kentucky acquired a new stake in Lennar in the 4th quarter worth about $153,000. Dupont Capital Management Corp boosted its holdings in Lennar by 117.2% in the 1st quarter. Dupont Capital Management Corp now owns 2,791 shares of the construction company’s stock worth $165,000 after buying an additional 1,506 shares during the last quarter. Massey Quick Simon & CO. LLC boosted its holdings in Lennar by 103.1% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 2,900 shares of the construction company’s stock worth $171,000 after buying an additional 1,472 shares during the last quarter. Finally, NuWave Investment Management LLC acquired a new stake in Lennar in the 4th quarter worth about $203,000. Institutional investors own 86.14% of the company’s stock.

Lennar opened at $51.20 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 16.40 and a quick ratio of 0.84. Lennar Co. has a 52 week low of $49.52 and a 52 week high of $72.17.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Wednesday, April 4th. The construction company reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.35. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.05 billion. Lennar had a net margin of 6.84% and a return on equity of 11.65%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. sell-side analysts anticipate that Lennar Co. will post 4.89 earnings per share for the current fiscal year.

In related news, SVP Jeffrey Joseph Mccall sold 50,887 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $50.70, for a total transaction of $2,579,970.90. Following the completion of the transaction, the senior vice president now owns 190,052 shares in the company, valued at $9,635,636.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Sonnenfeld sold 2,095 shares of the business’s stock in a transaction on Friday, April 6th. The stock was sold at an average price of $62.98, for a total transaction of $131,943.10. Following the transaction, the director now owns 32,072 shares of the company’s stock, valued at approximately $2,019,894.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,870 shares of company stock valued at $5,455,795. Insiders own 8.50% of the company’s stock.

Several research analysts have recently weighed in on LEN shares. Zacks Investment Research cut Lennar from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. ValuEngine cut Lennar from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Argus boosted their target price on Lennar from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Credit Suisse Group set a $81.00 target price on Lennar and gave the stock a “buy” rating in a report on Wednesday, April 4th. Finally, Wedbush restated a “neutral” rating and set a $62.00 target price on shares of Lennar in a report on Thursday, April 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $70.69.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its 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.

Institutional Ownership by Quarter for Lennar (NYSE:LEN)

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