Rep. Robert Bresnahan, Jr. Sells Off Shares of Lennar Co. (NYSE:LEN)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Lennar Co. NYSE: LEN. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lennar stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
• Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.

Lennar Stock Up 1.8 %

Shares of NYSE:LEN traded up $1.92 during trading on Friday, reaching $110.11. 1,803,489 shares of the company traded hands, compared to its average volume of 2,571,533. Lennar Co. has a 1-year low of $98.42 and a 1-year high of $187.61. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $29.05 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The firm has a fifty day simple moving average of $113.14 and a 200 day simple moving average of $136.97.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.44. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.57 EPS. Analysts anticipate that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.82%. Lennar's dividend payout ratio is presently 14.57%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LEN shares. UBS Group cut their price target on shares of Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Royal Bank of Canada cut their price objective on Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research note on Monday, March 24th. The Goldman Sachs Group lowered their price target on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, Bank of America reduced their price objective on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Fifteen analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lennar has an average rating of "Hold" and an average price target of $150.07.

Institutional Investors Weigh In On Lennar

Institutional investors have recently bought and sold shares of the business. Armstrong Advisory Group Inc. increased its stake in Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after acquiring an additional 75 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock valued at $32,000 after purchasing an additional 79 shares during the period. Howard Capital Management Inc. raised its holdings in shares of Lennar by 0.3% in the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after buying an additional 81 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of Lennar by 2.1% during the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock worth $584,000 after buying an additional 87 shares during the period. Finally, Greenleaf Trust grew its position in Lennar by 1.9% in the fourth quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.