Lennar Co. (NYSE:LEN) Executive Vice Preident Jeffrey Joseph McCall Sells 10,000 Shares of Stock

Lennar Co. (NYSE:LEN) Executive Vice Preident Jeffrey Joseph McCall sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $170.11, for a total value of $1,701,100.00. Following the completion of the sale, the insider now directly owns 118,629 shares in the company, valued at $20,179,979.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jeffrey Joseph McCall also recently made the following trade(s):

• On Friday, May 10th, Jeffrey Joseph Mccall sold 10,000 shares of Lennar stock. The stock was sold at an average price of $162.70, for a total value of $1,627,000.00.

Lennar Trading Up 0.9 %

NYSE:LEN opened at $156.52 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The firm has a market capitalization of $43.57 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.57. Lennar Co. has a one year low of $102.90 and a one year high of $172.59. The business has a fifty day moving average price of $157.40 and a 200-day moving average price of $154.74.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a $0.50 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.28%. Lennar’s dividend payout ratio (DPR) is 14.02%.

Institutional Investors Weigh In On Lennar

Several hedge funds and other institutional investors have recently modified their holdings of LEN. Integrated Advisors Network LLC increased its stake in Lennar by 177.3% in the 4th quarter. Integrated Advisors Network LLC now owns 31,258 shares of the construction company’s stock worth $4,659,000 after buying an additional 19,985 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in Lennar in the 4th quarter worth $838,000. Coastline Trust Co increased its stake in Lennar by 80.8% in the 4th quarter. Coastline Trust Co now owns 24,515 shares of the construction company’s stock worth $3,654,000 after buying an additional 10,957 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Lennar by 53.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 33,925 shares of the construction company’s stock worth $5,056,000 after buying an additional 11,851 shares in the last quarter. Finally, Warther Private Wealth LLC purchased a new stake in Lennar in the 4th quarter worth $3,356,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on LEN shares. Wells Fargo & Company upped their price objective on Lennar from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. UBS Group upped their price objective on Lennar from $190.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Wedbush reaffirmed an “underperform” rating and issued a $144.00 price objective on shares of Lennar in a research report on Friday, June 7th. Oppenheimer reaffirmed a “market perform” rating on shares of Lennar in a research report on Friday, March 15th. Finally, Barclays upped their price objective on Lennar from $173.00 to $180.00 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 given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $166.80.

Lennar Company Profile

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.