Lennar Co. (NYSE:LEN) saw unusually large options trading on Tuesday. Stock traders purchased 2,587 put options on the stock. This represents an increase of approximately 2,111% compared to the average daily volume of 117 put options.

In other news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now owns 371,043 shares in the company, valued at approximately $22,262,580. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.18% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. raised its holdings in Lennar 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 acquiring an additional 155 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Lennar 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 acquiring an additional 530 shares in the last quarter. QS Investors LLC raised its holdings in Lennar 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 acquiring an additional 25 shares in the last quarter. MUFG Americas Holdings Corp raised its holdings in Lennar 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 acquiring an additional 220 shares in the last quarter. Finally, Chartist Inc. CA acquired a new stake in Lennar during the 2nd quarter worth $200,000. 81.34% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. Mizuho downgraded Lennar from a “buy” rating to a “neutral” rating and decreased their target price for the company from $59.00 to $53.00 in a research note on Tuesday, September 19th. MKM Partners restated a “neutral” rating on shares of Lennar in a research note on Tuesday, September 5th. BTIG Research increased their target price on Lennar from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Zacks Investment Research downgraded Lennar from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Wedbush restated a “neutral” rating and set a $54.00 target price on shares of Lennar in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Lennar has a consensus rating of “Hold” and an average target price of $58.14.

Lennar (LEN) opened at $61.14 on Friday. The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $14,190.00, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35. Lennar has a twelve month low of $42.23 and a twelve month high of $63.94.

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

ILLEGAL ACTIVITY WARNING: “Traders Buy Large Volume of Lennar Put Options (LEN)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/12/15/traders-buy-large-volume-of-lennar-put-options-len.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.

Receive News & Stock 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 stocks with our FREE daily email newsletter.