Lennar (NYSE:LEN.B) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Lennar Corporation's share price has surpassed its 200-day moving average of $110.58, trading as high as $111.19 on Friday.
• The company reported a net margin of 9.20% and earnings per share (EPS) of $1.90 for the last quarter, missing estimates by $0.06.
• Lennar recently declared a quarterly dividend of $0.50, yielding 1.81% annually, with a low dividend payout ratio of 16.54%.

Lennar Corporation (NYSE:LEN.B - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $110.58 and traded as high as $111.19. Lennar shares last traded at $110.75, with a volume of 28,629 shares traded.

Lennar Stock Performance

The company has a market cap of $28.91 billion, a price-to-earnings ratio of 9.22 and a beta of 1.27. The stock's fifty day simple moving average is $105.22 and its two-hundred day simple moving average is $110.20. 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 (NYSE:LEN.B - Get Free Report) last posted its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.06). The business had revenue of $8.38 billion for the quarter. Lennar had a net margin of 9.20% and a return on equity of 12.73%. During the same quarter last year, the firm earned $3.38 EPS.

Lennar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.79%. The ex-dividend date was Thursday, July 3rd. Lennar's dividend payout ratio (DPR) is 16.54%.

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.