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. \n\nRepresentative Jefferson Shreve also recently made the following trade(s): \nSold $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 &amp; 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. \n\nLennar Stock Up 3.4%\n\n<LEN stock> opened at $115.97 on Friday. The stock has a market capitalization of $30.04 billion, a P/E ratio of 9.59, a PEG ratio of 4.92 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65. Lennar Corporation has a one year low of $98.42 and a one year high of $193.80. The company has a 50 day moving average price of $110.63 and a two-hundred day moving average price of $114.98. \n\nLennar (<NYSE:LEN> – <Get Free Report>) last released its earnings results on Monday, June 16th. The construction company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.04). The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.21 billion. Lennar had a return on equity of 12.73% and a net margin of 9.20%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.45 earnings per share. As a group, sell-side analysts expect that Lennar Corporation will post 12.48 EPS for the current year. \n\nLennar Dividend Announcement\n\nThe company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, July 3rd. Lennar’s payout ratio is presently 16.54%. \n\nInstitutional Trading of Lennar\n\nA number of institutional investors have recently added to or reduced their stakes in LEN. Hurley Capital LLC purchased a new stake in Lennar during the 4th quarter worth $26,000. SBI Securities Co. Ltd. acquired a new position in Lennar in the 4th quarter worth $28,000. Ameriflex Group Inc. acquired a new position in Lennar in the 4th quarter worth $30,000. Opal Wealth Advisors LLC acquired a new position in Lennar in the 1st quarter worth $30,000. Finally, NBC Securities Inc. acquired a new position in Lennar in the 1st quarter worth $33,000. 81.10% of the stock is owned by hedge funds and other institutional investors. \n\nWall Street Analysts Forecast Growth\n\nSeveral analysts have recently issued reports on the stock. Evercore ISI lowered their price objective on shares of Lennar from $131.00 to $114.00 and set an “in-line” rating for the company in a research note on Wednesday, June 18th. Keefe, Bruyette &amp; Woods lowered their price objective on shares of Lennar from $128.00 to $114.00 and set a “market perform” rating for the company in a research note on Friday, June 20th. Bank of America lowered their price objective on shares of Lennar from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, June 18th. Zelman &amp; Associates cut shares of Lennar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 18th. Finally, Wells Fargo &amp; Company lowered 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 note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $128.85.\n\nAbout Representative Shreve\n\nJefferson 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.\n\nShreve (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.\n\nEmail [email protected] 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.\n\nShreve 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.\n\nAbout Lennar\n\n (<Get Free Report>)\n\nLennar 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.

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

Representative Jefferson Shreve (R-Indiana) sold shares of Lennar Corporation (NYSE:LEN) and other companies in a recent transaction. The sale occurred on May 12, 2025, with Lennar's stock rising 3.4% after reporting quarterly earnings that missed expectations. Lennar also announced a quarterly dividend and faced analyst ratings adjustments. Shreve, a U.S. House representative, has a history of political involvement in Indiana.