Lennar (NYSE:LEN.B) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Lennar Corporation (NYSE:LEN.B - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $112.63 and traded as low as $104.96. Lennar shares last traded at $110.50, with a volume of 37,998 shares trading hands.

Lennar Trading Down 1.6%

The firm has a market capitalization of $28.76 billion, a PE ratio of 9.02 and a beta of 1.27. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. The business's fifty day moving average price is $104.61 and its 200 day moving average price is $112.30.

Lennar (NYSE:LEN.B - Get Free Report) last released its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.06). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The company had revenue of $8.38 billion during the quarter. During the same quarter in the previous year, the company earned $3.38 earnings per share.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a $0.50 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. Lennar's dividend payout ratio is presently 16.54%.

Lennar Company 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.