Rep. Jefferson Shreve Sells Off Shares of Lennar Corporation (NYSE:LEN)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Lennar Corporation NYSE: LEN. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Lennar stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Lennar Stock Performance

NYSE LEN traded up $1.85 on Friday, hitting $115.36. 2,553,455 shares of the stock were exchanged, compared to its average volume of 3,223,929. The company has a market capitalization of $29.88 billion, a PE ratio of 9.54, a P/E/G ratio of 4.82 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.49. The business's fifty day moving average is $109.83 and its 200 day moving average is $115.88. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $193.80.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.45 earnings per share. Research analysts anticipate that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.73%. Lennar's dividend payout ratio is presently 16.54%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Community Bank N.A. lifted its holdings in Lennar by 35.1% in the second quarter. Community Bank N.A. now owns 9,769 shares of the construction company's stock valued at $1,081,000 after buying an additional 2,536 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Lennar by 49.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,498 shares of the construction company's stock valued at $940,000 after buying an additional 2,793 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Lennar by 12.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,267 shares of the construction company's stock worth $914,000 after buying an additional 907 shares in the last quarter. Vest Financial LLC increased its stake in shares of Lennar by 20.7% in the 2nd quarter. Vest Financial LLC now owns 294,352 shares of the construction company's stock valued at $32,558,000 after acquiring an additional 50,552 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Lennar by 1.0% during the second quarter. Yousif Capital Management LLC now owns 31,676 shares of the construction company's stock worth $3,504,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LEN. Keefe, Bruyette & Woods cut their price target on Lennar from $128.00 to $114.00 and set a "market perform" rating for the company in a report on Friday, June 20th. Barclays decreased their price target on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Wells Fargo & Company cut their price objective 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. Zelman & Associates lowered Lennar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 18th. Finally, Bank of America dropped their price target on Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $128.85.

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.