Lennar (NYSE:LEN.B) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Lennar Corporation's shares have surpassed their two hundred-day moving average of $109.41, trading as high as $127.52.
• The company's recent quarterly earnings showed $1.90 earnings per share, missing estimates, while revenue for the quarter reached $8.38 billion.
• Lennar announced a quarterly dividend of $0.50 per share, providing an annualized yield of 1.6% with a low payout ratio.

Lennar Corporation (NYSE:LEN.B - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $109.41 and traded as high as $127.52. Lennar shares last traded at $127.41, with a volume of 22,609 shares trading hands.

Lennar Stock Up 0.4%

The business has a 50-day simple moving average of $113.60 and a two-hundred day simple moving average of $109.32. The stock has a market capitalization of $33.04 billion, a P/E ratio of 10.55 and a beta of 1.24. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12.

Lennar (NYSE:LEN.B - Get Free Report) last announced its earnings results on Monday, June 16th. The construction company reported $1.90 EPS 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 return on equity of 12.73% and a net margin of 9.20%.During the same quarter in the previous year, the firm earned $3.38 EPS.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, July 3rd. 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.