Lennar Corporation (LEN) CFO Bruce E. Gross Sells 5,000 Shares
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%.
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.