Lennar Corporation (NYSE:LEN) CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Lennar Corporation (LEN) traded up $0.08 on Thursday, hitting $60.61. 2,669,300 shares of the stock were exchanged, compared to its average volume of 2,397,922. Lennar Corporation has a fifty-two week low of $41.83 and a fifty-two week high of $60.86. The firm has a market cap of $14,150.00, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59.

Lennar Corporation (NYSE:LEN) last announced its quarterly earnings data on Tuesday, October 3rd. The construction company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Lennar Corporation had a net margin of 6.65% and a return on equity of 12.37%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business earned $1.01 EPS. The company’s revenue was up 15.1% on a year-over-year basis. equities research analysts expect that Lennar Corporation will post 4.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th were issued a $0.04 dividend. The ex-dividend date was Wednesday, October 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.26%. Lennar Corporation’s payout ratio is 4.61%.

WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/24/lennar-corporation-len-cfo-bruce-e-gross-sells-5000-shares.html.

A number of equities research analysts have issued reports on LEN shares. UBS Group AG started coverage on shares of Lennar Corporation in a report on Wednesday, October 25th. They set a “buy” rating on the stock. BidaskClub upgraded shares of Lennar Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of Lennar Corporation from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Friday, September 15th. MKM Partners upgraded shares of Lennar Corporation from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, October 4th. Finally, Bank of America Corporation increased their target price on shares of Lennar Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.93.

Several institutional investors and hedge funds have recently made changes to their positions in LEN. D.A. Davidson & CO. grew its position in shares of Lennar Corporation by 8.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock valued at $101,000 after buying an additional 155 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of Lennar Corporation by 32.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock valued at $114,000 after buying an additional 530 shares during the last quarter. QS Investors LLC grew its position in shares of Lennar Corporation by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after buying an additional 25 shares during the last quarter. MUFG Americas Holdings Corp grew its position in shares of Lennar Corporation by 7.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock valued at $173,000 after buying an additional 220 shares during the last quarter. Finally, Chartist Inc. CA purchased a new position in shares of Lennar Corporation in the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 78.26% of the company’s stock.

Lennar Corporation 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 & Stock Ratings for Lennar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Corporation and related stocks with our FREE daily email newsletter.