Traders sold shares of Lennar Co. (NYSE:LEN) on strength during trading on Thursday after the company announced weaker than expected quarterly earnings. $63.96 million flowed into the stock on the tick-up and $105.85 million flowed out of the stock on the tick-down, for a money net flow of $41.89 million out of the stock. Of all stocks tracked, Lennar had the 20th highest net out-flow for the day. Lennar traded up $1.31 for the day and closed at $69.57The construction company reported $1.29 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.37% and a net margin of 6.65%. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the firm earned $1.34 EPS. Lennar’s quarterly revenue was up 12.1% on a year-over-year basis.

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $78.00 price target on shares of Lennar in a research note on Thursday. Wedbush set a $60.00 price objective on shares of Lennar and gave the company a “hold” rating in a research note on Thursday, January 4th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $65.00 price objective (up previously from $57.00) on shares of Lennar in a research note on Thursday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Lennar in a research note on Monday, September 25th. Finally, Zacks Investment Research raised shares of Lennar from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $61.33.

In related news, COO Jonathan M. Jaffe sold 20,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $64.02, for a total transaction of $1,280,400.00. Following the completion of the sale, the chief operating officer now directly owns 99,000 shares in the company, valued at approximately $6,337,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now owns 371,043 shares of the company’s stock, valued at $22,262,580. The disclosure for this sale can be found here. Corporate insiders own 12.18% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. QS Investors LLC raised its holdings in Lennar by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after purchasing an additional 25 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Lennar by 0.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,326 shares of the construction company’s stock worth $444,000 after purchasing an additional 36 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Lennar by 8.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after purchasing an additional 155 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Lennar by 3.7% in the 2nd quarter. Macquarie Group Ltd. now owns 5,590 shares of the construction company’s stock worth $298,000 after purchasing an additional 200 shares in the last quarter. Finally, AXA raised its holdings in Lennar by 4.3% in the 2nd quarter. AXA now owns 7,300 shares of the construction company’s stock worth $390,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 81.25% of the company’s stock.

The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72. The firm has a market cap of $16,160.00, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.35 and a beta of 1.35.

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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.

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