Traders Sell Shares of Lennar (LEN) on Strength (LEN)

Investors sold shares of Lennar Co. (NYSE:LEN) on strength during trading on Monday. $69.15 million flowed into the stock on the tick-up and $630.25 million flowed out of the stock on the tick-down, for a money net flow of $561.10 million out of the stock. Of all companies tracked, Lennar had the 0th highest net out-flow for the day. Lennar traded up $0.65 for the day and closed at $59.34

A number of equities research analysts have commented on LEN shares. UBS Group started coverage on shares of Lennar in a research note on Wednesday, October 25th. They set a “buy” rating on the stock. Mizuho restated a “hold” rating and set a $53.00 target price on shares of Lennar in a research note on Friday, October 27th. JMP Securities upgraded shares of Lennar from a “market perform” rating to an “outperform” rating in a research report on Monday, November 6th. Zacks Investment Research cut shares of Lennar from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Wedbush lifted their price objective on shares of Lennar from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, December 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $67.93.

The firm has a market cap of $13,960.33, a PE ratio of 17.53, a PEG ratio of 0.62 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 8.42.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. sell-side analysts expect that Lennar Co. will post 5.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 26th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, January 25th. Lennar’s dividend payout ratio is presently 4.68%.

In related news, CFO Bruce E. Gross sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the chief financial officer now owns 371,043 shares in the company, valued at $22,262,580. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bruce E. Gross sold 1,000 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $72.00, for a total transaction of $72,000.00. Following the completion of the sale, the chief financial officer now owns 356,043 shares in the company, valued at approximately $25,635,096. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock worth $12,392,050 in the last 90 days. 12.18% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fishman Jay A Ltd. MI bought a new stake in Lennar in the third quarter worth $1,771,000. Private Asset Management Inc. purchased a new position in Lennar during the fourth quarter worth $316,000. Rational Advisors LLC purchased a new position in Lennar during the third quarter worth $1,438,000. Bank of Nova Scotia boosted its stake in Lennar by 71.8% during the second quarter. Bank of Nova Scotia now owns 79,890 shares of the construction company’s stock worth $4,260,000 after buying an additional 33,388 shares during the period. Finally, Parkwood LLC purchased a new position in Lennar during the third quarter worth $3,969,000. Institutional investors own 80.56% of the company’s stock.

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Lennar Company Profile

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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