Lennar Co. (NYSE:LEN - Get Free Report) Director Amy Banse bought 1,575 shares of the stock in a transaction on Wednesday, April 10th. The stock was acquired at an average cost of $157.00 per share, for a total transaction of $247,275.00. Following the acquisition, the director now directly owns 11,859 shares in the company, valued at $1,861,863. The transaction was disclosed in a filing with the SEC, which is available through this link.
Lennar Price Performance
Lennar stock opened at $159.46 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.27 and a current ratio of 5.47. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $172.59. The firm has a market cap of $44.38 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.46 and a beta of 1.53. The business's fifty day moving average is $159.44 and its two-hundred day moving average is $140.58.
Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the prior year, the firm posted $2.12 earnings per share. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts forecast that Lennar Co. will post 14.46 earnings per share for the current fiscal year.
Lennar Announces Dividend
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lennar's payout ratio is 14.02%.
Hedge Funds Weigh In On Lennar
Several hedge funds have recently added to or reduced their stakes in LEN. Cambridge Investment Research Advisors Inc. lifted its stake in Lennar by 10.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,184 shares of the construction company's stock valued at $989,000 after buying an additional 1,173 shares during the period. Cibc World Market Inc. increased its holdings in shares of Lennar by 6.8% in the first quarter. Cibc World Market Inc. now owns 9,499 shares of the construction company's stock worth $771,000 after acquiring an additional 602 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Lennar by 172.1% in the first quarter. Vontobel Holding Ltd. now owns 14,925 shares of the construction company's stock worth $1,256,000 after acquiring an additional 9,440 shares in the last quarter. Prudential PLC bought a new stake in shares of Lennar in the first quarter worth about $1,711,000. Finally, Moors & Cabot Inc. bought a new stake in shares of Lennar in the first quarter worth about $200,000. Institutional investors and hedge funds own 81.10% of the company's stock.
Wall Street Analysts Forecast Growth
LEN has been the topic of several recent research reports. Oppenheimer reissued a "market perform" rating on shares of Lennar in a report on Friday, March 15th. Keefe, Bruyette & Woods lifted their price objective on Lennar from $175.00 to $183.00 and gave the stock an "outperform" rating in a report on Wednesday, March 20th. Citigroup lifted their price objective on Lennar from $179.00 to $198.00 and gave the stock a "buy" rating in a report on Friday, April 5th. The Goldman Sachs Group boosted their price target on Lennar from $138.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, December 18th. Finally, Wells Fargo & Company upped their price target on Lennar from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Lennar has an average rating of "Moderate Buy" and a consensus price target of $163.88.
Check Out Our Latest Report on Lennar
About Lennar
(
Get Free Report)
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.
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