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.
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.
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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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