Lennar Co. (NYSE:LEN) CFO Bruce E. Gross sold 1,000 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $72.00, for a total value of $72,000.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

Lennar Co. (LEN) traded up $1.28 during midday trading on Friday, hitting $71.82. 3,647,437 shares of the stock were exchanged, compared to its average volume of 3,589,748. Lennar Co. has a 1-year low of $42.75 and a 1-year high of $72.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59. The firm has a market capitalization of $16,595.24, a P/E ratio of 21.00, a PEG ratio of 1.03 and a beta of 1.35.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.22% and a net margin of 6.41%. The company had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the company posted $1.34 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. 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. Stockholders of record on Friday, January 26th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, January 25th. Lennar’s dividend payout ratio (DPR) is presently 4.68%.

A number of research firms have recently issued reports on LEN. Mizuho upgraded Lennar from a “neutral” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada set a $82.00 target price on Lennar and gave the company a “buy” rating in a report on Friday, January 12th. Zacks Investment Research lowered Lennar from a “buy” rating to a “hold” rating in a report on Monday, January 15th. UBS Group restated a “buy” rating on shares of Lennar in a report on Wednesday. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $78.00 target price on shares of Lennar in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $63.93.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fishman Jay A Ltd. MI acquired a new position in shares of Lennar in the third quarter worth $1,771,000. Rational Advisors LLC acquired a new position in shares of Lennar in the third quarter worth $1,438,000. Bank of Nova Scotia increased its position in Lennar by 71.8% during the second quarter. Bank of Nova Scotia now owns 79,890 shares of the construction company’s stock worth $4,260,000 after buying an additional 33,388 shares during the last quarter. Parkwood LLC acquired a new position in Lennar during the third quarter worth $3,969,000. Finally, Toronto Dominion Bank increased its position in Lennar by 25.5% during the second quarter. Toronto Dominion Bank now owns 68,832 shares of the construction company’s stock worth $3,669,000 after buying an additional 13,992 shares during the last quarter. 81.25% of the stock is currently owned by institutional investors and hedge funds.

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Lennar 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.

Insider Buying and Selling by Quarter for Lennar (NYSE:LEN)

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