Lennar Co. (NYSE:LEN) SVP Jeffrey Joseph Mccall sold 50,887 shares of the firm’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $50.70, for a total value of $2,579,970.90. Following the completion of the sale, the senior vice president now directly owns 190,052 shares of the company’s stock, valued at approximately $9,635,636.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jeffrey Joseph Mccall also recently made the following trade(s):
- On Wednesday, May 9th, Jeffrey Joseph Mccall sold 50,888 shares of Lennar stock. The stock was sold at an average price of $53.92, for a total value of $2,743,880.96.
Shares of LEN stock traded up $1.93 on Friday, reaching $53.39. The stock had a trading volume of 4,303,793 shares, compared to its average volume of 3,437,489. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.84 and a current ratio of 16.40. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 0.57 and a beta of 1.25. Lennar Co. has a 12 month low of $49.52 and a 12 month high of $72.17.
Lennar (NYSE:LEN) last issued its earnings results on Wednesday, April 4th. The construction company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.35. The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Lennar had a net margin of 6.84% and a return on equity of 11.65%. Lennar’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. sell-side analysts predict that Lennar Co. will post 4.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 9th. Stockholders of record on Wednesday, April 25th were issued a $0.04 dividend. The ex-dividend date was Tuesday, April 24th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.30%. Lennar’s payout ratio is 4.20%.
Several hedge funds have recently modified their holdings of LEN. Itau Unibanco Holding S.A. acquired a new stake in Lennar in the fourth quarter valued at approximately $103,000. First Personal Financial Services bought a new position in shares of Lennar during the fourth quarter valued at $140,000. Independence Bank of Kentucky bought a new position in Lennar during the fourth quarter worth $153,000. Dupont Capital Management Corp raised its stake in Lennar by 117.2% during the first 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. Finally, Massey Quick Simon & CO. LLC raised its stake in Lennar by 103.1% during the first 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. 86.14% of the stock is currently owned by institutional investors.
Several analysts have recently commented on the company. ValuEngine raised Lennar from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a $77.00 target price on shares of Lennar in a report on Tuesday, February 13th. Zacks Investment Research upgraded Lennar from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, March 13th. Maxim Group dropped their price objective on Lennar from $83.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, MKM Partners dropped their price objective on Lennar to $71.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $71.81.
Lennar Company Profile
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.
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.