State of Tennessee Treasury Department Has $4.86 Million Position in Lennar Co. (LEN)
State of Tennessee Treasury Department trimmed its position in shares of Lennar Co. (NYSE:LEN) by 28.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,911 shares of the construction company’s stock after selling 30,036 shares during the period. State of Tennessee Treasury Department’s holdings in Lennar were worth $4,864,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Lennar during the 4th quarter valued at about $103,000. First Personal Financial Services bought a new position in Lennar during the 4th quarter valued at about $140,000. Independence Bank of Kentucky bought a new position in Lennar during the 4th quarter valued at about $153,000. NuWave Investment Management LLC bought a new position in Lennar during the 4th quarter valued at about $203,000. Finally, Squar Milner Financial Services LLC bought a new position in Lennar during the 4th quarter valued at about $221,000. Institutional investors own 86.35% of the company’s stock.
In other news, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $69.43, for a total value of $347,150.00. Following the completion of the sale, the chief financial officer now owns 361,043 shares of the company’s stock, valued at approximately $25,067,215.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bruce E. Gross sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $72.00, for a total transaction of $72,000.00. Following the completion of the sale, the chief financial officer now directly owns 356,043 shares of the company’s stock, valued at approximately $25,635,096. The disclosure for this sale can be found here. Insiders sold a total of 175,000 shares of company stock valued at $12,092,050 in the last ninety days. Corporate insiders own 12.18% of the company’s stock.
Shares of Lennar Co. (NYSE LEN) opened at $57.48 on Friday. Lennar Co. has a 52-week low of $48.29 and a 52-week high of $72.17. The firm has a market cap of $13,764.05, a P/E ratio of 16.81, a PEG ratio of 0.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.80, a current ratio of 8.42 and a quick ratio of 1.67.
Lennar (NYSE:LEN) last announced its quarterly earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the previous year, the company posted $1.34 EPS. Lennar’s revenue for the quarter was up 12.1% on a year-over-year basis. research analysts expect that Lennar Co. will post 5.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were given a $0.04 dividend. The ex-dividend date was Thursday, January 25th. This represents a $0.16 annualized dividend and a dividend yield of 0.28%. Lennar’s payout ratio is presently 4.68%.
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.
Want to see what other hedge funds are holding LEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lennar Co. (NYSE:LEN).
Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.