Lennar Co. (NYSE:LEN) VP Diane J. Bessette sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $69.50, for a total value of $695,000.00. Following the sale, the vice president now owns 222,396 shares of the company’s stock, valued at approximately $15,456,522. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Lennar Co. (LEN) traded up $1.93 during mid-day trading on Wednesday, hitting $70.71. The stock had a trading volume of 3,398,725 shares, compared to its average volume of 4,788,366. The firm has a market capitalization of $16,430.00, a P/E ratio of 20.38, a PEG ratio of 1.05 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76. Lennar Co. has a 1-year low of $43.46 and a 1-year high of $70.83.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.21). The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.59 billion. Lennar had a return on equity of 12.22% and a net margin of 6.41%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. sell-side analysts forecast that Lennar Co. will post 5.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 26th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Thursday, January 25th. Lennar’s payout ratio is presently 4.61%.

Hedge funds have recently modified their holdings of the company. Fishman Jay A Ltd. MI acquired a new position in shares of Lennar during the third quarter worth $1,771,000. Rational Advisors LLC acquired a new position in shares of Lennar in the 3rd quarter valued at $1,438,000. Bank of Nova Scotia increased its position in shares of Lennar by 71.8% in the 2nd quarter. Bank of Nova Scotia now owns 79,890 shares of the construction company’s stock valued at $4,260,000 after acquiring an additional 33,388 shares during the period. Parkwood LLC acquired a new position in shares of Lennar in the 3rd quarter valued at $3,969,000. Finally, Toronto Dominion Bank increased its position in shares of Lennar by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 68,832 shares of the construction company’s stock valued at $3,669,000 after acquiring an additional 13,992 shares during the period. 81.25% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on LEN. Mizuho lowered Lennar from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $59.00 to $53.00 in a report on Tuesday, September 19th. Credit Suisse Group restated 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. UBS Group restated a “buy” rating on shares of Lennar in a report on Wednesday. Wells Fargo & Co upgraded Lennar from a “market perform” rating to an “outperform” rating and set a $74.00 target price for the company in a report on Tuesday, January 2nd. Finally, BTIG Research upped their target price on Lennar from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. Lennar presently has a consensus rating of “Hold” and a consensus price target 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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