Lennar Co. (NYSE:LEN) saw some unusual options trading on Thursday. Investors acquired 22,818 call options on the stock. This represents an increase of 1,912% compared to the typical volume of 1,134 call options.

Shares of LEN stock traded down $0.96 during trading hours on Friday, hitting $53.62. 5,017,922 shares of the company were exchanged, compared to its average volume of 3,420,915. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.79 and a current ratio of 13.93. Lennar has a one year low of $37.29 and a one year high of $55.00. The business’s 50-day simple moving average is $50.00 and its two-hundred day simple moving average is $50.12. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.17 and a beta of 1.09.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Tuesday, June 25th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.13 by $0.17. Lennar had a net margin of 8.86% and a return on equity of 12.03%. The business had revenue of $5.56 billion for the quarter, compared to analysts’ expectations of $5.13 billion. During the same quarter last year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts anticipate that Lennar will post 5.32 EPS for the current fiscal year.

Several brokerages have recently weighed in on LEN. Raymond James downgraded Lennar from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Tuesday, June 18th. They noted that the move was a valuation call. BTIG Research set a $65.00 target price on Lennar and gave the company a “buy” rating in a research note on Wednesday, June 26th. Bank of America lowered their target price on Lennar from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. Zacks Investment Research downgraded Lennar from a “hold” rating to a “sell” rating and set a $53.00 target price for the company. in a research note on Thursday, May 30th. Finally, Wedbush set a $62.00 target price on Lennar and gave the company a “buy” rating in a research note on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.10.

In other news, President Jonathan M. Jaffe sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $49.04, for a total transaction of $980,800.00. Following the completion of the sale, the president now directly owns 346,946 shares in the company, valued at $17,014,231.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.43% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in Lennar in the first quarter worth about $57,000. CSat Investment Advisory L.P. lifted its holdings in Lennar by 183.5% in the second quarter. CSat Investment Advisory L.P. now owns 1,256 shares of the construction company’s stock worth $61,000 after acquiring an additional 813 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Lennar by 244.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,550 shares of the construction company’s stock worth $75,000 after acquiring an additional 1,100 shares during the last quarter. MUFG Americas Holdings Corp lifted its holdings in Lennar by 79.2% in the second quarter. MUFG Americas Holdings Corp now owns 2,177 shares of the construction company’s stock worth $105,000 after acquiring an additional 962 shares during the last quarter. Finally, Hilton Capital Management LLC bought a new position in Lennar in the first quarter worth about $109,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

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, Lennar Financial Services, Lennar Multifamily, and Rialto 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.

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