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
$137.19
$140.30
50-Day Range
$56.85
$68.72
52-Week Range
$18.87
$63.50
Volume
41,527 shs
Average Volume
45,763 shs
Market Capitalization
$38.82 billion
P/E Ratio
9.77
Dividend Yield
1.43%
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

Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Lennar launches townhome sales in beach city
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Latest News for Lennar Stock (NYSE:LEN)
Lennar (LEN) Q1 2024 Earnings Call Transcript
KBW Sticks to Their Buy Rating for Lennar (LEN)
Lennar: Q1 Earnings Insights
Lennar Corp. Announces Increase In Q1 Profit, Beats estimates
4 stocks to watch on Wednesday: TSLA, S and more
LEN Mar 2024 134.000 put
LEN Mar 2024 167.500 call
Lennar (NYSE: LEN)
See More Headlines
Receive LEN.B Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Lennar and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/7 Dividend
1/23/2024
Dividend Payable
2/07/2024
Last Earnings
3/13/2024
Today
4/23/2024
Ex-Dividend for 5/8 Dividend
4/23/2024
Dividend Payable
5/08/2024
Next Earnings (Estimated)
6/12/2024
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
15.26%

Debt

Sales & Book Value

Annual Sales
$34.23 billion
Cash Flow
$15.24 per share
Book Value
$95.04 per share

Miscellaneous

Free Float
236,732,000
Market Cap
$38.93 billion
Optionable
Not Optionable
Beta
1.53
The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report

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 gearing up for active-adult development with 1,800 homes in Lancaster County, indicating growth and expansion in a lucrative market segment.
  • Strong presence in the homebuilding industry with diversified segments like Homebuilding East, Homebuilding Central, Homebuilding Texas, and Homebuilding West, providing stability and multiple revenue streams.
  • Offering residential mortgage financing, title insurance, and closing services, providing additional revenue sources and enhancing customer engagement.
  • Engagement in fund investment activities and commercial mortgage loan securitizations, showcasing financial expertise and potential for increased returns.
  • Development, construction, and management of multifamily rental properties diversifying revenue streams and tapping into the rental market demand.

Cons

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

  • Stock price fluctuations in the volatile real estate market, requiring careful monitoring and risk management strategies.
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 Saturday, April 13, 2024. Please send any questions or comments about these Lennar pros and cons to contact@marketbeat.com.

LEN.B Stock Analysis - Frequently Asked Questions

When is Lennar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 12th 2024.
View our LEN.B earnings forecast
.

How were Lennar's earnings last quarter?

Lennar Co. (NYSE:LEN.B) released its quarterly earnings data on Wednesday, March, 13th. The construction company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.37. The construction company earned $7.31 billion during the quarter. Lennar had a net margin of 11.59% and a trailing twelve-month return on equity of 15.90%. During the same quarter in the prior year, the firm earned $2.06 EPS.

How often does Lennar pay dividends? What is the dividend yield for Lennar?

Lennar announced a quarterly dividend on Wednesday, April 10th. Investors of record on Wednesday, April 24th will be given a dividend of $0.50 per share on Wednesday, May 8th. This represents a $2.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Tuesday, April 23rd.
Read our dividend analysis for LEN.B
.

Is Lennar a good dividend stock?

Lennar (NYSE:LEN.B) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.46%. The dividend payout ratio is 14.02%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for LEN.B.

What ETFs hold Lennar's stock?
This page (NYSE:LEN.B) was last updated on 4/23/2024 by MarketBeat.com Staff

From Our Partners