Trust Co. of Oklahoma Sells 625 Shares of Lennar Co. (NYSE:LEN)

Trust Co. of Oklahoma lowered its stake in shares of Lennar Co. (NYSE:LEN) by 19.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,651 shares of the construction company’s stock after selling 625 shares during the quarter. Trust Co. of Oklahoma’s holdings in Lennar were worth $456,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rise Advisors LLC lifted its holdings in Lennar by 484.0% during the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Lennar during the first quarter valued at about $35,000. Criterion Capital Advisors LLC purchased a new stake in Lennar during the fourth quarter valued at about $36,000. Raleigh Capital Management Inc. purchased a new stake in Lennar during the third quarter valued at about $28,000. Finally, Sunbelt Securities Inc. purchased a new stake in Lennar during the first quarter valued at about $44,000. Institutional investors own 81.10% of the company’s stock.

Lennar Price Performance

NYSE LEN traded down $0.20 on Wednesday, reaching $143.41. 1,116,425 shares of the company’s stock traded hands, compared to its average volume of 2,099,376. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.93 and a quick ratio of 0.91. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The stock has a market cap of $39.92 billion, a PE ratio of 9.75, a P/E/G ratio of 1.35 and a beta of 1.60. The stock has a 50-day simple moving average of $155.87 and a 200 day simple moving average of $155.43.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, July 5th. Lennar’s dividend payout ratio is 13.60%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LEN. Oppenheimer reissued a “market perform” rating on shares of Lennar in a report on Friday, March 15th. BTIG Research lowered their price target on shares of Lennar from $177.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, June 20th. JMP Securities reissued a “market outperform” rating and issued a $170.00 price target on shares of Lennar in a report on Thursday, June 20th. UBS Group increased their price target on shares of Lennar from $190.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $164.00 target price (down from $174.00) on shares of Lennar in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $166.69.

Insider Transactions at Lennar

In other news, Director Amy Banse bought 1,575 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the completion of the acquisition, the director now owns 11,859 shares of the company’s stock, valued at $1,861,863. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Lennar news, Director Amy Banse purchased 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was bought at an average price of $157.00 per share, with a total value of $247,275.00. Following the completion of the purchase, the director now directly owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey Joseph Mccall sold 10,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $162.70, for a total value of $1,627,000.00. Following the completion of the sale, the executive vice president now directly owns 128,629 shares of the company’s stock, valued at approximately $20,927,938.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,176 shares of company stock worth $4,841,039. Insiders own 9.36% of the company’s stock.

Lennar 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.