Lennar Co. (NYSE:LEN – Get Ranking) CFO Diane J. Bessette offered 9,289 shares of the inventory in a transaction that occurred on Thursday, March twenty third. The inventory was offered at a mean worth of $103.16, for a complete worth of $958,253.24. The sale was disclosed in a doc filed with the SEC, which is accessible via this hyperlink.
Lennar Buying and selling Up 0.4 %
→ Banking Nightmare (From Weiss Rankings)
Shares of LEN inventory traded up $0.37 throughout mid-day buying and selling on Friday, hitting $103.74. The corporate’s inventory had a buying and selling quantity of 1,847,030 shares, in comparison with its common quantity of two,322,574. The corporate’s fifty day easy transferring common is $99.98 and its 200-day easy transferring common is $89.09. Lennar Co. has a 52 week low of $62.54 and a 52 week excessive of $109.28. The corporate has a debt-to-equity ratio of 0.16, a fast ratio of 1.38 and a present ratio of seven.82. The corporate has a market cap of $30.05 billion, a PE ratio of 6.44, a P/E/G ratio of 1.86 and a beta of 1.42.
Lennar (NYSE:LEN – Get Ranking) final posted its quarterly earnings information on Wednesday, March fifteenth. The development firm reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.56. Lennar had a return on fairness of 21.18% and a web margin of 13.86%. The agency had income of $6.49 billion throughout the quarter, in comparison with analyst estimates of $5.99 billion. Throughout the identical interval final yr, the corporate posted $2.70 EPS. The enterprise’s quarterly income was up 4.6% on a year-over-year foundation. As a bunch, equities analysis analysts count on that Lennar Co. will publish 9.26 earnings per share for the present fiscal yr.
Lennar Pronounces Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Friday, February tenth. Stockholders of document on Friday, January twenty seventh had been paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, January twenty sixth. This represents a $1.50 annualized dividend and a dividend yield of 1.45%. Lennar’s dividend payout ratio is presently 9.30%.
Institutional Buying and selling of Lennar
A number of giant traders have just lately made modifications to their positions in LEN. Clearbridge Investments LLC boosted its stake in Lennar by 0.4% throughout the 4th quarter. Clearbridge Investments LLC now owns 27,918 shares of the development firm’s inventory valued at $2,527,000 after buying a further 113 shares over the past quarter. Exencial Wealth Advisors LLC boosted its stake in Lennar by 3.3% throughout the third quarter. Exencial Wealth Advisors LLC now owns 3,920 shares of the development firm’s inventory valued at $292,000 after buying a further 127 shares over the past quarter. Mutual Advisors LLC boosted its stake in Lennar by 2.3% throughout the third quarter. Mutual Advisors LLC now owns 5,908 shares of the development firm’s inventory valued at $440,000 after buying a further 131 shares over the past quarter. Intech Funding Administration LLC boosted its stake in Lennar by 0.9% throughout the third quarter. Intech Funding Administration LLC now owns 14,063 shares of the development firm’s inventory valued at $1,048,000 after buying a further 131 shares over the past quarter. Lastly, Industrial Alliance Funding Administration Inc. boosted its stake in Lennar by 2.2% throughout the third quarter. Industrial Alliance Funding Administration Inc. now owns 6,730 shares of the development firm’s inventory valued at $502,000 after buying a further 146 shares over the past quarter. 82.68% of the inventory is at the moment owned by institutional traders and hedge funds.
Analyst Rankings Modifications
Plenty of brokerages have weighed in on LEN. BTIG Analysis raised their goal worth on Lennar from $116.00 to $120.00 in a report on Thursday, March sixteenth. Citigroup raised their goal worth on Lennar from $113.00 to $123.00 and gave the corporate a “purchase” ranking in a report on Tuesday. Financial institution of America raised Lennar from an “underperform” ranking to a “impartial” ranking and raised their goal worth for the corporate from $92.00 to $102.00 in a report on Wednesday, January eleventh. UBS Group elevated their worth goal on Lennar from $117.00 to $127.00 and gave the corporate a “purchase” ranking in a analysis be aware on Thursday, March sixteenth. Lastly, Royal Financial institution of Canada elevated their worth goal on Lennar from $76.00 to $85.00 and gave the corporate an “underperform” ranking in a analysis be aware on Friday, March seventeenth. One analyst has rated the inventory with a promote ranking, seven have given a maintain ranking and 9 have given a purchase ranking to the corporate’s inventory. In keeping with MarketBeat, the corporate presently has a consensus ranking of “Maintain” and a mean goal worth of $104.60.
About Lennar
(Get Ranking)
Lennar Corp. engages within the provision of actual property associated monetary and funding administration providers. It operates via the next segments: Homebuilding East, Central, Texas, and West, Monetary Providers, Multifamily, and Lennar Different. The Homebuilding East, Central, Texas, and West phase constructs and sells houses primarily for first-time, move-up, and lively grownup homebuyers primarily underneath the Lennar model identify.
Additional Studying
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