Bruce E. Gross Sells 1,000 Shares of Lennar Co. (LEN) Stock

Lennar Co. (NYSE:LEN) 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 value of $72,000.00. Following the completion of the transaction, the chief financial officer now owns 356,043 shares of the company’s stock, valued at approximately $25,635,096. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lennar Co. (NYSE LEN) traded up $1.28 during trading on Friday, reaching $71.82. The company had a trading volume of 3,647,437 shares, compared to its average volume of 4,664,246. The stock has a market capitalization of $16,690.00, a PE ratio of 20.70, a PEG ratio of 1.04 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 12 month low of $43.46 and a 12 month high of $72.07.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.21). The firm had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Lennar had a net margin of 6.41% and a return on equity of 12.22%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 EPS. equities research analysts anticipate that Lennar Co. will post 5.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, January 25th. Lennar’s dividend payout ratio is presently 4.61%.

A number of large investors have recently added to or reduced their stakes in LEN. D.A. Davidson & CO. grew its holdings in Lennar by 8.9% during the second 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 period. QS Investors LLC grew its holdings in Lennar by 1.0% during the second 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 period. Chartist Inc. CA bought a new stake in Lennar during the second quarter valued at about $200,000. Fiera Capital Corp bought a new stake in Lennar during the second quarter valued at about $224,000. Finally, Valeo Financial Advisors LLC bought a new stake in Lennar during the third quarter valued at about $245,000. 81.25% of the stock is owned by institutional investors and hedge funds.

LEN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Lennar from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. BTIG Research boosted their price target on Lennar from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Royal Bank of Canada set a $82.00 price target on Lennar and gave the stock a “buy” rating in a research note on Friday, January 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $78.00 price target on shares of Lennar in a research note on Thursday, January 11th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $65.00 price target (up previously from $57.00) on shares of Lennar in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Lennar currently has an average rating of “Buy” and an average target price of $63.93.

COPYRIGHT VIOLATION WARNING: “Bruce E. Gross Sells 1,000 Shares of Lennar Co. (LEN) Stock” was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/19/bruce-e-gross-sells-1000-shares-of-lennar-co-len-stock.html.

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)

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.

Latest News

Leave a Reply