Investors sold shares of Lennar Co. (NYSE:LEN) on strength during trading hours on Monday. $30.90 million flowed into the stock on the tick-up and $84.93 million flowed out of the stock on the tick-down, for a money net flow of $54.03 million out of the stock. Of all companies tracked, Lennar had the 16th highest net out-flow for the day. Lennar traded up $0.64 for the day and closed at $60.43
LEN has been the topic of several analyst reports. Zacks Investment Research lowered shares of Lennar from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Wedbush raised their price target on shares of Lennar from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Wells Fargo & Co upgraded shares of Lennar from a “market perform” rating to an “outperform” rating and set a $74.00 price target on the stock in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $78.00 price target on shares of Lennar in a research note on Thursday, January 11th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $65.00 price target (up previously from $57.00) on shares of Lennar in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. Lennar currently has a consensus rating of “Buy” and an average price target of $68.60.
The company has a current ratio of 8.42, a quick ratio of 1.67 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $14,020.00, a P/E ratio of 18.04, a P/E/G ratio of 0.62 and a beta of 1.31.
In other Lennar news, CFO Bruce E. Gross sold 9,000 shares of Lennar stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $72.00, for a total value of $648,000.00. Following the transaction, the chief financial officer now owns 346,043 shares in the company, valued at $24,915,096. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $64.02, for a total transaction of $1,280,400.00. Following the completion of the transaction, the chief operating officer now owns 99,000 shares in the company, valued at approximately $6,337,980. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,000 shares of company stock worth $12,092,050. 8.50% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Comerica Bank grew its position in Lennar by 3.1% in the fourth quarter. Comerica Bank now owns 52,232 shares of the construction company’s stock worth $3,701,000 after buying an additional 1,556 shares during the last quarter. Toronto Dominion Bank grew its position in Lennar by 14.2% in the fourth quarter. Toronto Dominion Bank now owns 88,013 shares of the construction company’s stock worth $5,566,000 after buying an additional 10,940 shares during the last quarter. Private Asset Management Inc. acquired a new position in Lennar in the fourth quarter worth approximately $316,000. Rational Advisors LLC acquired a new position in Lennar in the third quarter worth approximately $1,438,000. Finally, Tower Bridge Advisors grew its position in Lennar by 2.0% in the third quarter. Tower Bridge Advisors now owns 180,188 shares of the construction company’s stock worth $9,514,000 after buying an additional 3,470 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.
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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