Investors Sell Shares of Lennar (LEN) on Strength (LEN)

Traders sold shares of Lennar Corporation (NYSE:LEN) on strength during trading on Tuesday. $30.46 million flowed into the stock on the tick-up and $60.00 million flowed out of the stock on the tick-down, for a money net flow of $29.54 million out of the stock. Of all stocks tracked, Lennar had the 0th highest net out-flow for the day. Lennar traded up $0.49 for the day and closed at $62.03

A number of brokerages recently commented on LEN. JMP Securities upgraded Lennar from a “market perform” rating to an “outperform” rating in a research report on Monday, November 6th. Mizuho restated a “hold” rating and set a $53.00 target price on shares of Lennar in a report on Friday, October 27th. UBS began coverage on Lennar in a report on Wednesday, October 25th. They set a “buy” rating on the stock. BTIG Research raised their target price on Lennar from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Bank of America raised their target price on Lennar from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $57.93.

The company has a current ratio of 7.76, a quick ratio of 0.59 and a debt-to-equity ratio of 0.72. The firm has a market cap of $14,816.67, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.35.

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

In other news, CFO Bruce E. Gross sold 5,000 shares of Lennar 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 transaction, the chief financial officer now owns 371,043 shares in the company, valued at approximately $22,262,580. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.18% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in shares of Lennar by 8.9% during the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock valued at $101,000 after purchasing an additional 155 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Lennar by 32.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,168 shares of the construction company’s stock valued at $114,000 after purchasing an additional 530 shares in the last quarter. QS Investors LLC lifted its holdings in shares of Lennar by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock valued at $135,000 after purchasing an additional 25 shares in the last quarter. MUFG Americas Holdings Corp lifted its holdings in shares of Lennar by 7.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 3,250 shares of the construction company’s stock valued at $173,000 after purchasing an additional 220 shares in the last quarter. Finally, Chartist Inc. CA bought a new position in shares of Lennar during the 2nd quarter valued at about $200,000. Institutional investors and hedge funds own 81.34% of the company’s stock.

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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.

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