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NYSE:LEN.B

Lennar (LEN.B) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$162.98
$166.65
50-Day Range
$56.85
$68.72
52-Week Range
$18.87
$63.50
Volume
45,317 shs
Average Volume
50,392 shs
Market Capitalization
$45.32 billion
P/E Ratio
11.22
Dividend Yield
1.21%
Price Target
N/A
LEN.B stock logo

About Lennar Stock (NYSE:LEN.B)

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. It primarily sells single-family attached and detached homes in communities targeted to first-time, move-up, active adult, and luxury homebuyers. The company also offers residential mortgage financing, title insurance, and closing services for home buyers and others. In addition, it involves in the fund investment activity; and originates and sells into securitizations commercial mortgage loans. Further, the company develops, constructs, and manages multifamily rental properties. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

LEN.B Stock News Headlines

Lennar Corp - Class A
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Lennar Corp. Cl A
Lennar launches townhome sales in beach city
See More Headlines
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Company Calendar

Ex-Dividend for 5/8 Dividend
4/23/2024
Dividend Payable
5/08/2024
Last Earnings
6/17/2024
Ex-Dividend for 7/19 Dividend
7/05/2024
Dividend Payable
7/19/2024
Today
7/27/2024
Next Earnings (Estimated)
9/12/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
General building contractors - residential buildings
Sub-Industry
N/A
Current Symbol
NYSE:LEN.B
CIK
N/A
Employees
9,495
Year Founded
N/A

Profitability

Net Income
$3.94 billion
Pretax Margin
15.24%

Debt

Sales & Book Value

Annual Sales
$34.23 billion
Cash Flow
$15.67 per share
Book Value
$98.38 per share

Miscellaneous

Free Float
233,551,000
Market Cap
$45.32 billion
Optionable
Not Optionable
Beta
1.58
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Key Executives

  • Mr. Stuart A. Miller (Age 63)
    Exec. Chairman
    Comp: $12.27M
  • Mr. Jonathan M. Jaffe (Age 61)
    Co-CEO, Co-Pres & Director
    Comp: $9.31M
  • Mr. Richard Beckwitt (Age 62)
    Co-CEO, Co-Pres & Director
    Comp: $10.54M
  • Ms. Diane J. Bessette (Age 60)
    VP, CFO & Treasurer
    Comp: $2.77M
  • Mr. Mark Sustana Esq. (Age 59)
    VP, Gen. Counsel & Sec.
    Comp: $1.38M
  • Mr. Jeffrey J. McCall (Age 50)
    Exec. VP
    Comp: $2.76M
  • Mr. Fred B. Rothman
    Chief Operating Officer
  • Ms. Allison L. Bober
    Sr. Mang. of Investor Relations
  • Ms. Kay L. Howard
    Chief Marketing & Communications Officer
  • Tench Tilghman
    Pres of Pennsylvania & Delaware Markets

Should I Buy Lennar Stock? LEN.B Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Lennar Co.:

  • Lennar recently acquired land for new homes in a fast-growing North Carolina county, indicating expansion and potential revenue growth.
  • The company operates in various segments including homebuilding, financial services, and multifamily properties, providing diversified revenue streams.
  • Lennar offers residential mortgage financing, title insurance, and closing services, enhancing customer experience and potentially increasing sales.
  • The company's focus on different buyer segments, from first-time to luxury homebuyers, allows for a broad market reach and potential for increased sales volume.
  • Considering the current stock price, Lennar Co. may present a good value investment opportunity based on its growth prospects and market position.

Cons

Investors should be bearish about investing in Lennar Co. for these reasons:

  • Market volatility and economic uncertainties can impact the residential building sector, affecting Lennar's financial performance.
  • Regulatory changes in the housing market or interest rate fluctuations could influence mortgage demand and impact Lennar's financial services segment.
  • Competition in the homebuilding industry is intense, which may lead to pricing pressures and reduced profit margins for Lennar.
  • Exposure to the real estate market makes Lennar susceptible to market downturns and cyclical trends, affecting its revenue and profitability.
  • External factors such as natural disasters or unforeseen events could disrupt Lennar's operations and impact its financial stability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 23, 2024. Please send any questions or comments about these Lennar pros and cons to contact@marketbeat.com.

LEN.B Stock Analysis - Frequently Asked Questions

How were Lennar's earnings last quarter?

Lennar Co. (NYSE:LEN.B) posted its quarterly earnings results on Monday, June, 17th. The construction company reported $3.38 EPS for the quarter. The construction company had revenue of $8.77 billion for the quarter. Lennar had a trailing twelve-month return on equity of 15.93% and a net margin of 11.58%.

This page (NYSE:LEN.B) was last updated on 7/27/2024 by MarketBeat.com Staff

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