Investors Purchase High Volume of Lennar Call Options (NYSE:LEN)

Lennar Co. (NYSE:LEN) was the target of unusually large options trading on Monday. Stock traders acquired 14,931 call options on the company. This is an increase of 120% compared to the typical daily volume of 6,788 call options.

Insider Buying and Selling

In other news, Director Jeffrey Sonnenfeld sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $175.13, for a total transaction of $3,064,775.00. Following the sale, the director now directly owns 23,689 shares in the company, valued at approximately $4,148,654.57. The trade was a 42.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lennar

Several large investors have recently made changes to their positions in LEN. Oddo BHF Asset Management Sas bought a new stake in shares of Lennar in the third quarter valued at about $2,543,000. Synovus Financial Corp lifted its stake in Lennar by 1.3% in the 3rd quarter. Synovus Financial Corp now owns 47,348 shares of the construction company’s stock valued at $8,877,000 after acquiring an additional 627 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Lennar during the 3rd quarter worth approximately $241,000. World Investment Advisors LLC acquired a new stake in shares of Lennar in the third quarter valued at approximately $251,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Lennar by 9.4% in the third quarter. Sanctuary Advisors LLC now owns 43,049 shares of the construction company’s stock worth $8,071,000 after purchasing an additional 3,712 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of Lennar from $240.00 to $236.00 and set an “outperform” rating on the stock in a research note on Monday, September 23rd. Bank of America boosted their target price on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Keefe, Bruyette & Woods increased their target price on shares of Lennar from $183.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Bank Of America (Bofa) boosted their price target on shares of Lennar from $171.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Wedbush reissued a “neutral” rating and issued a $164.00 target price on shares of Lennar in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Lennar currently has an average rating of “Hold” and a consensus price target of $183.76.

Lennar Trading Down 1.6 %

NYSE:LEN opened at $151.91 on Tuesday. The firm has a market capitalization of $41.20 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.31 and a beta of 1.61. Lennar has a 1-year low of $140.65 and a 1-year high of $193.80. The business’s 50-day moving average price is $171.86 and its two-hundred day moving average price is $170.03. The company has a current ratio of 4.90, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping the consensus estimate of $3.62 by $0.28. The business had revenue of $9.42 billion for the quarter, compared to the consensus estimate of $9.14 billion. Lennar had a return on equity of 15.47% and a net margin of 11.51%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.91 EPS. On average, equities analysts expect that Lennar will post 14.11 earnings per share for the current year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, October 9th. Lennar’s payout ratio is currently 13.25%.

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.