Representative Jefferson Shreve (R-Indiana) recently sold shares of Lennar Co. NYSE: LEN. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lennar stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
- Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
- Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.
Lennar Stock Down 1.7 %
Shares of LEN stock traded down $2.04 during trading hours on Wednesday, reaching $119.40. 1,688,193 shares of the company's stock were exchanged, compared to its average volume of 2,329,847. Lennar Co. has a fifty-two week low of $116.67 and a fifty-two week high of $187.61. The stock's 50 day moving average is $128.59 and its 200-day moving average is $156.67. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market cap of $31.70 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.24 and a beta of 1.69.
Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $10.06 billion. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business's revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.82 EPS. Analysts predict that Lennar Co. will post 12.48 earnings per share for the current fiscal year.
Lennar Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.68%. Lennar's dividend payout ratio (DPR) is 13.95%.
Institutional Investors Weigh In On Lennar
A number of institutional investors have recently added to or reduced their stakes in the stock. Crews Bank & Trust acquired a new stake in shares of Lennar in the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. boosted its holdings in Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after buying an additional 75 shares during the last quarter. Hurley Capital LLC purchased a new stake in Lennar during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar during the fourth quarter valued at approximately $28,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Lennar in the third quarter worth approximately $39,000. Institutional investors and hedge funds own 81.10% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on LEN shares. Wells Fargo & Company reduced their target price on Lennar from $145.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their target price on Lennar from $130.00 to $125.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Bank of America reduced their price target on shares of Lennar from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods cut shares of Lennar from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $152.00 to $141.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lennar currently has a consensus rating of "Hold" and an average price target of $163.19.
View Our Latest Stock Report on Lennar
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About Lennar
(
Get Free Report)
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.
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