Rep. Jefferson Shreve Sells Lennar Co. (NYSE:LEN) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Lennar Co. NYSE: LEN. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lennar stock on March 31st. 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 Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Lennar Stock Performance

Shares of NYSE LEN traded up $1.81 during trading on Friday, reaching $104.57. 2,736,816 shares of the company traded hands, compared to its average volume of 2,556,693. The firm's fifty day simple moving average is $116.03 and its 200 day simple moving average is $142.46. 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 stock has a market cap of $27.59 billion, a P/E ratio of 7.29, a PEG ratio of 1.24 and a beta of 1.51. Lennar Co. has a 12-month low of $98.42 and a 12-month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The business had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.44 billion. During the same quarter last year, the company earned $2.57 EPS. The business's revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. Lennar's dividend payout ratio is presently 14.57%.

Wall Street Analyst Weigh In

LEN has been the topic of a number of analyst reports. Bank of America dropped their target price on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. StockNews.com raised Lennar from a "sell" rating to a "hold" rating in a research note on Friday. Wolfe Research cut shares of Lennar from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. BTIG Research lowered shares of Lennar from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Finally, Wells Fargo & Company reduced their price target on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Fifteen equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $150.07.

Institutional Investors Weigh In On Lennar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEN. Seed Wealth Management Inc. boosted its stake in Lennar by 3.5% during the first quarter. Seed Wealth Management Inc. now owns 3,880 shares of the construction company's stock worth $445,000 after buying an additional 130 shares during the period. Wolf Group Capital Advisors acquired a new position in Lennar during the first quarter worth $274,000. Insigneo Advisory Services LLC acquired a new stake in shares of Lennar in the first quarter valued at $240,000. Stockman Wealth Management Inc. purchased a new position in Lennar during the 1st quarter valued at about $6,682,000. Finally, Sagespring Wealth Partners LLC lifted its position in shares of Lennar by 60.2% during the first quarter. Sagespring Wealth Partners LLC now owns 2,753 shares of the construction company's stock worth $316,000 after purchasing an additional 1,034 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

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

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.