Mark Sustana Sells 9,176 Shares of Lennar Co. (NYSE:LEN) Stock

Lennar Co. (NYSE:LEN) VP Mark Sustana sold 9,176 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $164.88, for a total value of $1,512,938.88. Following the completion of the transaction, the vice president now directly owns 16,768 shares in the company, valued at approximately $2,764,707.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lennar Price Performance

Shares of NYSE LEN opened at $148.72 on Thursday. The firm has a market cap of $41.39 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.46 and a beta of 1.56. Lennar Co. has a 52 week low of $102.90 and a 52 week high of $172.59. The business’s 50 day moving average price is $156.90 and its 200 day moving average price is $154.82. The company has a quick ratio of 1.27, a current ratio of 5.47 and a debt-to-equity ratio of 0.11.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lennar’s payout ratio is 13.60%.

Wall Street Analysts Forecast Growth

LEN has been the topic of a number of recent research reports. Evercore ISI increased their price target on Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. cut their target price on shares of Lennar from $161.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Wells Fargo & Company upped their price target on shares of Lennar from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. StockNews.com downgraded shares of Lennar from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Oppenheimer reissued a “market perform” rating on shares of Lennar in a research note on Friday, March 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $166.80.

Hedge Funds Weigh In On Lennar

Institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC lifted its stake in shares of Lennar by 484.0% in the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after purchasing an additional 121 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of Lennar in the third quarter worth about $28,000. J.Safra Asset Management Corp purchased a new stake in shares of Lennar during the 1st quarter worth about $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Lennar during the 1st quarter valued at about $32,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Lennar in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.