Lennar (NYSE:LEN.B) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Lennar Corporation's stock price recently exceeded its 200-day moving average of $109.10, trading at $118.83 with a notable increase of 2.8% during the session.
• The company reported $1.90 earnings per share for its latest quarter, falling short of the consensus estimate of $1.96, alongside a revenue of $8.38 billion.
• Lennar's quarterly dividend of $0.50 was paid recently, leading to an annualized yield of 1.7% and reflecting a payout ratio of 16.54%.

Lennar Corporation (NYSE:LEN.B - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $109.10 and traded as high as $119.49. Lennar shares last traded at $118.83, with a volume of 52,392 shares trading hands.

Lennar Trading Up 2.0%

The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.49. The company has a market cap of $32.59 billion, a price-to-earnings ratio of 10.41 and a beta of 1.23. The business's 50-day simple moving average is $108.95 and its 200-day simple moving average is $109.03.

Lennar (NYSE:LEN.B - Get Free Report) last announced its earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period in the prior year, the firm posted $3.38 EPS.

Lennar Announces Dividend

The company also recently declared 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. The ex-dividend date was Thursday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. Lennar's payout ratio 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.