Shares of Lennar Corporation (NYSE:LEN.B - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $109.52 and traded as high as $113.39. Lennar shares last traded at $113.21, with a volume of 66,749 shares changing hands.
Lennar Price Performance
The stock has a market capitalization of $30.02 billion, a PE ratio of 9.59 and a beta of 1.23. The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. The company's 50 day simple moving average is $107.10 and its 200 day simple moving average is $109.37.
Lennar (NYSE:LEN.B - Get Free Report) last announced its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.96 by ($0.06). The company had revenue of $8.38 billion during the quarter. Lennar had a net margin of 9.20% and a return on equity of 12.73%. During the same quarter in the previous year, the business posted $3.38 EPS.
Lennar Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors 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 annualized dividend and a dividend yield of 1.7%. Lennar's payout ratio is presently 16.54%.
About Lennar
(
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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.
Further Reading
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