Lennar (NYSE:LEN.B) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• Lennar Corporation's stock recently surpassed its two hundred day moving average, indicating positive momentum with shares last traded at $113.21.
• The company reported a $1.90 EPS for its latest quarterly earnings, missing analyst expectations of $1.96, with significant revenue of $8.38 billion.
• Lennar declared a quarterly dividend of $0.50, resulting in an annualized dividend of $2.00 and a yield of 1.8%.

Lennar Corporation (NYSE:LEN.B - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Lennar Stock Performance

The company has a 50 day simple moving average of $106.56 and a 200 day simple moving average of $109.59. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 9.41 and a beta of 1.23. 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 company 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 earnings per share.

Lennar Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, July 3rd. Lennar's dividend payout ratio (DPR) is currently 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.