Shares of Lennar Corporation (NYSE:LEN.B - Get Free Report) traded up 8% on Tuesday . The company traded as high as $112.65 and last traded at $112.18. 6,291 shares were traded during mid-day trading, a decline of 88% from the average session volume of 54,557 shares. The stock had previously closed at $103.87.
Lennar Stock Up 8.8%
The company has a market capitalization of $29.28 billion, a P/E ratio of 9.38 and a beta of 1.27. 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 stock has a 50 day moving average price of $104.80 and a 200 day moving average price of $111.02.
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 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 period in the prior year, the company posted $3.38 earnings per share.
Lennar Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Thursday, July 3rd. Lennar's dividend payout ratio (DPR) is presently 16.54%.
About Lennar
(
Get Free Report)
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.
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