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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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.
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