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.
TRADEMARK VIOLATION WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/14/traders-sell-shares-of-lennar-len-on-strength-len.html.
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.
Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.