Lennar Co. (LEN) Insider Sells $355,750.00 in Stock

Lennar Co. (NYSE:LEN) insider David M. Collins sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $71.15, for a total transaction of $355,750.00. Following the sale, the insider now directly owns 118,361 shares in the company, valued at approximately $8,421,385.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Lennar Co. (LEN) traded up $1.28 during trading hours on Friday, hitting $71.82. 3,647,437 shares of the stock were exchanged, compared to its average volume of 4,664,246. The company has a market cap of $16,690.00, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.04 and a beta of 1.35. Lennar Co. has a 1 year low of $43.46 and a 1 year high of $72.07. The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.21). The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lennar had a return on equity of 12.22% and a net margin of 6.41%. Lennar’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. research analysts forecast that Lennar Co. will post 5.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 26th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, January 25th. Lennar’s payout ratio is 4.61%.

Several large investors have recently modified their holdings of LEN. D.A. Davidson & CO. grew its holdings in shares of Lennar by 8.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock valued at $101,000 after purchasing an additional 155 shares during the last quarter. QS Investors LLC grew its holdings in shares of Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after purchasing an additional 25 shares during the last quarter. Chartist Inc. CA bought a new position in shares of Lennar during the 2nd quarter valued at $200,000. Fiera Capital Corp bought a new position in shares of Lennar during the 2nd quarter valued at $224,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Lennar during the 3rd quarter valued at $245,000. 81.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on LEN. Mizuho raised shares of Lennar from a “neutral” rating to a “buy” rating in a report on Thursday. UBS Group reaffirmed a “buy” rating on shares of Lennar in a report on Wednesday. Zacks Investment Research raised shares of Lennar from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Tuesday. Royal Bank of Canada set a $82.00 target price on shares of Lennar and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $65.00 target price (up previously from $57.00) on shares of Lennar in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.93.

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About Lennar

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.

Insider Buying and Selling by Quarter for Lennar (NYSE:LEN)

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