Lennar Company Profile (NYSE:LEN)

About Lennar (NYSE:LEN)

Lennar logoLennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily. It is a developer of multifamily rental properties. Its 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 operates primarily under the Lennar brand name. The Lennar Financial Services segment includes mortgage financing, title insurance and closing services for both buyers of its homes and others. The Rialto segment is a real estate, investment management, and finance company. The Lennar Multifamily segment focuses on developing a portfolio of institutional multifamily rental properties in the United States markets.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: Residential Construction
  • Sub-Industry: Homebuilding
  • Symbol: NYSE:LEN
  • CUSIP: 52605710
  • Web: www.lennar.com
Capitalization:
  • Market Cap: $12.08 billion
  • Outstanding Shares: 234,463,000
Average Prices:
  • 50 Day Moving Avg: $51.16
  • 200 Day Moving Avg: $47.39
  • 52 Week Range: $39.68 - $53.79
P/E:
  • Trailing P/E Ratio: 14.91
  • Foreward P/E Ratio: 11.03
  • P/E Growth: 1.47
Sales & Book Value:
  • Annual Revenue: $11.29 billion
  • Price / Sales: 1.07
  • Book Value: $30.31 per share
  • Price / Book: 1.70
Dividend:
  • Annual Dividend: $0.16
  • Dividend Yield: 0.3%
Profitability:
  • EBIDTA: $1.35 billion
  • Net Margins: 8.33%
  • Return on Equity: 13.80%
  • Return on Assets: 6.14%
Debt:
  • Debt-to-Equity Ratio: 0.63%
  • Current Ratio: 8.93%
  • Quick Ratio: 1.35%
Misc:
  • Average Volume: 2.36 million shs.
  • Beta: 1.27
  • Short Ratio: 3.81
 

Frequently Asked Questions for Lennar (NYSE:LEN)

What is Lennar's stock symbol?

Lennar trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEN."

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

Lennar announced a quarterly dividend on Wednesday, April 19th. Stockholders of record on Tuesday, May 2nd will be given a dividend of $0.04 per share on Tuesday, May 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Friday, April 28th. View Lennar's Dividend History.

How were Lennar's earnings last quarter?

Lennar Co. (NYSE:LEN) posted its quarterly earnings results on Tuesday, March, 21st. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $0.03. The firm earned $2.34 billion during the quarter, compared to analyst estimates of $2.18 billion. Lennar had a return on equity of 13.80% and a net margin of 8.33%. Lennar's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. View Lennar's Earnings History.

When will Lennar make its next earnings announcement?

Lennar is scheduled to release their next quarterly earnings announcement on Monday, June, 19th 2017. View Earnings Estimates for Lennar.

Where is Lennar's stock going? Where will Lennar's stock price be in 2017?

18 brokerages have issued 12-month target prices for Lennar's shares. Their forecasts range from $46.00 to $60.00. On average, they anticipate Lennar's stock price to reach $53.87 in the next year. View Analyst Ratings for Lennar.

What are analysts saying about Lennar stock?

Here are some recent quotes from research analysts about Lennar stock:

  • 1. According to Zacks Investment Research, "Lennar is one of the best-positioned homebuilders to capitalize on the housing recovery, courtesy of the diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. Moreover, the company’s ancillary platforms — Rialto, Multi-Family, FivePoint and Financial Services — are evolving and should improve further. Lennar remains focused on continued improvement in the SG&A line from operating leverage and investments in technology. In this respect Lennar plans to reduce SG&A expenses to the range of 9.1–9.3% in 2017. Also, the acquisition of WCI Communities is expected to produce strong gross margin given its portfolio of high quality, low cost land and 51 communities." (5/23/2017)
  • 2. Deutsche Bank AG analysts commented, "Demand strength may feed into meeting FY17 margin goals. In 10 of the past 11 quarters, Lennar management's description of the housing recovery included the phrase "slow and steady". F1Q17 saw a notable shift in tone with management describing demand as being "faster than expected". Despite this positive tone, guidance for FY17 volumes increased by only the amount of WCI closings and gross margin guidance remained unchanged. There is likely some conservatism in guidance; however, overall we see this combination as being indicative of management's likely efforts to channel stronger demand into sustaining gross margin levels. Since this indicates the potential for volume growth to lag peers' we maintain our Hold rating." (3/23/2017)
  • 3. BTIG Research analysts commented, "LEN combines a production homebuilding model with notable land development expertise, and significant local market share positions to boot. At present ROE is hampered by non-core assets. We see opportunity for LEN to spin-off/sell them near-term. Further, we believe homebuilding SG&A has room to fall. LEN could unlock a homebuilding operation with 16%+ ROE, 200+ bps higher than today." (2/7/2017)

Who are some of Lennar's key competitors?

Who owns Lennar stock?

Lennar's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Sanders Capital LLC (3.72%), Wellington Management Group LLP (2.92%), Aristotle Capital Management LLC (2.46%), Greenhaven Associates Inc. (2.29%), TCW Group Inc. (1.53%) and FMR LLC (1.38%). View Institutional Ownership Trends for Lennar.

Who sold Lennar stock? Who is selling Lennar stock?

Lennar's stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Stelliam Investment Management LP, Ameriprise Financial Inc., Clough Capital Partners L P, Factory Mutual Insurance Co., TCW Group Inc., FMR LLC and Bridgewater Associates LP. View Insider Buying and Selling for Lennar.

Who bought Lennar stock? Who is buying Lennar stock?

Lennar's stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Capital Growth Management LP, Oakmont Corp, Nomura Holdings Inc., UBS Asset Management Americas Inc., Quantitative Investment Management LLC, Eagle Asset Management Inc. and Thrivent Financial For Lutherans. View Insider Buying and Selling for Lennar.

How do I buy Lennar stock?

Shares of Lennar can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Lennar stock cost?

One share of Lennar stock can currently be purchased for approximately $51.53.

Analyst Ratings

Consensus Ratings for Lennar (NYSE:LEN) (?)
Ratings Breakdown: 7 Hold Ratings, 10 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $53.87 (4.53% upside)

Analysts' Ratings History for Lennar (NYSE:LEN)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/16/2017MizuhoInitiated CoverageBuy$59.00HighView Rating Details
4/6/2017Keefe, Bruyette & WoodsReiterated RatingOutperformLowView Rating Details
3/23/2017Deutsche Bank AGLower Price TargetHold$52.00 -> $49.00LowView Rating Details
3/22/2017Royal Bank of CanadaBoost Price TargetOutperform$53.00 -> $60.00LowView Rating Details
3/22/2017JPMorgan Chase & Co.Boost Price TargetNeutral$44.50 -> $49.00LowView Rating Details
3/7/2017Barclays PLCBoost Price TargetOverweight -> Overweight$51.00 -> $56.00N/AView Rating Details
2/14/2017Citigroup IncInitiated CoverageNeutral$52.00N/AView Rating Details
2/7/2017BTIG ResearchInitiated CoverageBuy$56.00N/AView Rating Details
12/23/2016MKM PartnersReiterated RatingNeutralN/AView Rating Details
12/13/2016Evercore ISIReiterated RatingBuy$55.00N/AView Rating Details
10/31/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-BuyN/AView Rating Details
10/21/2016ArgusReiterated RatingBuy$55.00N/AView Rating Details
10/17/2016Buckingham ResearchUpgradeNeutral -> Buy$53.00N/AView Rating Details
9/28/2016Wells Fargo & CoInitiated CoverageMarket PerformN/AView Rating Details
9/20/2016Bank of America CorpSet Price TargetBuy$52.00N/AView Rating Details
9/21/2016FBR & CoReiterated RatingOutperform$60.00N/AView Rating Details
9/19/2016WedbushInitiated CoverageNeutral$46.00N/AView Rating Details
6/28/2016Credit Suisse Group AGReiterated RatingHoldN/AView Rating Details
3/31/2016Susquehanna Bancshares IncReiterated RatingBuyN/AView Rating Details
3/28/2016Compass PointReiterated RatingBuy$60.00N/AView Rating Details
1/19/2016Sterne Agee CRTUpgradeNeutral -> Buy$40.91 -> $52.00N/AView Rating Details
10/14/2015Morgan StanleyReiterated RatingBuy$55.00 -> $61.00N/AView Rating Details
6/25/2015S&P Equity ResearchReiterated RatingHold$56.00N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Lennar (NYSE:LEN)
Earnings by Quarter for Lennar (NYSE:LEN)
Earnings History by Quarter for Lennar (NYSE:LEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
6/19/2017        
3/21/2017Q1 2017$0.56$0.59$2.18 billion$2.34 billionViewN/AView Earnings Details
12/19/2016Q416$1.27$1.34$3.32 billion$3.38 billionViewN/AView Earnings Details
9/20/2016Q316$0.88$1.01$2.66 billion$2.83 billionViewListenView Earnings Details
6/21/2016Q216$0.87$0.95$2.58 billion$2.75 billionViewListenView Earnings Details
3/29/2016Q116$0.52$0.63$1.86 billion$1.79 billionViewListenView Earnings Details
12/18/2015Q415$1.12$1.21$2.99 billion$2.95 billionViewListenView Earnings Details
9/21/2015Q315$0.79$0.96$2.42 billion$2.49 billionViewListenView Earnings Details
6/24/2015Q215$0.64$0.79$2.05 billion$2.39 billionViewListenView Earnings Details
3/19/2015Q115$0.45$0.50$1.50 billion$1.64 billionViewN/AView Earnings Details
1/15/2015Q414$0.96$1.07$2.59 billion$2.60 billionViewN/AView Earnings Details
9/17/2014Q314$0.67$0.78$1.94 billion$2.01 billionViewN/AView Earnings Details
6/26/2014Q214$0.51$0.61$1.68 billion$1.82 billionViewN/AView Earnings Details
3/20/2014Q114$0.28$0.35$1.28 billion$1.40 billionViewN/AView Earnings Details
12/18/2013Q4$0.62$0.73$1.88 billion$1.92 billionViewListenView Earnings Details
9/24/2013Q313$0.45$0.54$1.56 billion$1.60 billionViewN/AView Earnings Details
6/25/2013Q2 2013$0.33$0.61$1.33 billion$1.40 billionViewListenView Earnings Details
3/20/2013Q1 2013$0.16$0.26$897.99 million$989.90 millionViewListenView Earnings Details
1/15/2013Q4 2012$0.43$0.56$1.32 billion$135.00 billionViewListenView Earnings Details
9/24/2012Q312$0.28$0.40$1.05 billion$1.10 billionViewN/AView Earnings Details
6/27/2012$0.17$0.21ViewN/AView Earnings Details
3/27/2012$0.05$0.08ViewN/AView Earnings Details
1/11/2012$0.17$0.16ViewN/AView Earnings Details
9/19/2011$0.11$0.11ViewN/AView Earnings Details
6/23/2011$0.05$0.07ViewN/AView Earnings Details
3/29/2011($0.05)$0.14ViewN/AView Earnings Details
1/11/2011$0.03$0.17ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Lennar (NYSE:LEN)
2017 EPS Consensus Estimate: $4.24
2018 EPS Consensus Estimate: $4.35
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.55$0.67$0.59
Q2 20173$0.76$0.97$0.85
Q3 20173$1.10$1.31$1.23
Q4 20173$1.46$1.63$1.57
Q1 20181$0.63$0.63$0.63
Q2 20181$0.96$0.96$0.96
Q3 20181$1.27$1.27$1.27
Q4 20181$1.49$1.49$1.49
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Lennar (NYSE:LEN)
Most Recent Dividend:5/16/2017
Annual Dividend:$0.16
Dividend Yield:0.31%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:4.07% (Trailing 12 Months of Earnings)
4.19% (Based on This Year's Estimates)
3.43% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Lennar (NYSE:LEN)

Dividend History by Quarter for Lennar (NYSE:LEN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/19/2017quarterly$0.040.3%4/28/20175/2/20175/16/2017
1/13/2017quarterly$0.040.36%1/25/20171/27/20172/10/2017
9/22/2016Quarterly$0.0410/3/201610/5/201610/20/2016
6/24/2016quarterly$0.040.36%7/6/20167/8/20167/22/2016
4/14/2016quarterly$0.040.33%4/25/20164/27/20165/11/2016
1/14/2016quarterly$0.040.39%1/26/20161/28/20162/11/2016
10/8/2015quarterly$0.040.31%10/20/201510/22/201511/5/2015
6/24/2015quarterly$0.040.31%7/6/20157/8/20157/22/2015
4/9/2015quarterly$0.040.32%4/20/20154/22/20155/6/2015
1/15/2015quarterly$0.040.38%1/27/20151/29/20152/12/2015
10/3/2014quarterly$0.040.4%10/15/201410/17/201410/31/2014
6/25/2014quarterly$0.040.39%7/8/20147/10/20147/24/2014
4/9/2014quarterly$0.040.41%4/21/20144/23/20145/7/2014
1/16/2014quarterly$0.040.42%1/28/20141/30/20142/13/2014
10/4/2013quarterly$0.040.46%10/16/201310/18/201311/1/2013
6/27/2013quarterly$0.040.43%7/8/20137/10/20137/24/2013
4/10/2013quarterly$0.040.41%4/22/20134/24/20135/8/2013
1/17/2013quarterly$0.040.38%1/30/20132/1/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Lennar (NYSE:LEN)
Insider Ownership Percentage: 12.18%
Institutional Ownership Percentage: 79.04%
Insider Trades by Quarter for Lennar (NYSE:LEN)
Institutional Ownership by Quarter for Lennar (NYSE:LEN)
Insider Trades by Quarter for Lennar (NYSE:LEN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/3/2016Jonathan M. JaffeCOOSell20,000$42.01$840,200.00View SEC Filing  
3/23/2015Irving BolotinDirectorSell1,300$50.65$65,845.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Lennar (NYSE:LEN)
Latest Headlines for Lennar (NYSE:LEN)
Source:
DateHeadline
prnewswire.com logoResearch Reports Initiation on Residential Construction Stocks -- Lennar, TRI ...
www.prnewswire.com - May 26 at 3:06 AM
thestreet.com logoLennar Becomes #203 Most Shorted S&P 500 Component, Replacing Chesapeake Energy
www.thestreet.com - May 26 at 3:06 AM
finance.yahoo.com logoU.S. existing home sales fall as tight supply lifts prices
finance.yahoo.com - May 24 at 11:10 AM
finance.yahoo.com logoU.S. home sales fall as tight supply boosts prices
finance.yahoo.com - May 24 at 11:10 AM
americanbankingnews.com logoZacks Investment Research Upgrades Lennar Co. (LEN) to Buy
www.americanbankingnews.com - May 23 at 1:52 PM
reuters.com logoBRIEF-Lennar amended credit agreement governing its unsecured revolving credit facility
www.reuters.com - May 23 at 10:47 AM
finance.yahoo.com logoLennar (LEN) Now a Buy on Positive Housing Market Outlook
finance.yahoo.com - May 23 at 10:47 AM
finance.yahoo.com logoU.S. new home sales tumble from near 9-1/2-year high
finance.yahoo.com - May 23 at 10:47 AM
finance.yahoo.com logoThese Top Housing Stocks Are Near Buy Points: Investing Action Plan
finance.yahoo.com - May 22 at 5:40 PM
nasdaq.com logoLennar Corp. to react to hew home sales data
www.nasdaq.com - May 20 at 9:30 AM
finance.yahoo.com logoHomebuilder CEO: Here’s where business is booming for first-time homebuyers
finance.yahoo.com - May 19 at 5:59 PM
finance.yahoo.com logoSan Francisco to reduce affordable housing requirements for new projects
finance.yahoo.com - May 19 at 10:47 AM
finance.yahoo.com logoLennar Corp. – Value Analysis (NYSE:LEN) : May 18, 2017
finance.yahoo.com - May 19 at 10:47 AM
finance.yahoo.com logoWhat's Driving the Boom in Home Building Stocks
finance.yahoo.com - May 18 at 8:56 AM
latimes.com logoDeveloper behind Newhall Ranch, Great Park closes IPO at $320 million
www.latimes.com - May 17 at 6:13 PM
finance.yahoo.com logoLennar Corp. breached its 50 day moving average in a Bullish Manner : LEN-US : May 17, 2017
finance.yahoo.com - May 17 at 9:36 AM
americanbankingnews.com logoLennar Co. (LEN) Research Coverage Started at Mizuho
www.americanbankingnews.com - May 16 at 5:48 PM
finance.yahoo.com logoLMC Announces Start of Preleasing at The Emerson Apartments
finance.yahoo.com - May 16 at 10:44 AM
latimes.com logoDeveloper of Great Park, Newhall Ranch has mixed debut on public market
www.latimes.com - May 10 at 10:51 PM
finance.yahoo.com logoLennar seeking approval for 385 homes in Broward
finance.yahoo.com - May 10 at 10:51 PM
seekingalpha.com logoCivitas Solutions misses by $0.01, misses on revenue
seekingalpha.com - May 10 at 5:50 PM
finance.yahoo.com logoThis Developer's IPO Snuck out of the Gate Wednesday and Jumped 10%
finance.yahoo.com - May 10 at 5:50 PM
finance.yahoo.com logoLMC Announces Topping Off of NordHaus Apartments
finance.yahoo.com - May 10 at 5:50 PM
finance.yahoo.com logoFive Point Holdings rises 10 pct in debut
finance.yahoo.com - May 10 at 12:51 PM
finance.yahoo.com logoFive Point Holdings goes public
finance.yahoo.com - May 10 at 12:51 PM
seekingalpha.com logoCalifornia Buildin' - First Point Holdings Set For IPO
seekingalpha.com - May 9 at 12:01 PM
finance.yahoo.com logoTwo Homebuilders Top Profit Views As Group Looks To Regroup
finance.yahoo.com - May 9 at 12:01 PM
seekingalpha.com logoU.S. Housing: Going From Good To Great
seekingalpha.com - May 8 at 5:53 PM
americanbankingnews.com logoZacks: Brokerages Expect Lennar Co. (LEN) Will Post Quarterly Sales of $2.89 Billion
www.americanbankingnews.com - May 7 at 8:16 AM
americanbankingnews.com logo$0.78 Earnings Per Share Expected for Lennar Co. (LEN) This Quarter
www.americanbankingnews.com - May 5 at 12:20 PM
americanbankingnews.com logoLennar Co. (LEN) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - May 5 at 9:46 AM
bizjournals.com logoA decade of litigation comes to this: Lennar buys 1,250 acres in Pr. George's it didn't want
www.bizjournals.com - May 5 at 6:49 AM
americanbankingnews.com logoSomewhat Favorable Media Coverage Very Likely to Affect Lennar (LEN) Share Price
www.americanbankingnews.com - May 4 at 10:06 PM
bizjournals.com logoA decade of litigation comes to this: Lennar buys 1,250 acres it didn't want
www.bizjournals.com - May 4 at 6:24 PM
finance.yahoo.com logoLMC Announces Start of Preleasing at The Morris Apartments
finance.yahoo.com - May 3 at 5:22 PM
marketwatch.com logoLennar Offers Amenity-rich 55+ Lifestyle Community in Ocean County
www.marketwatch.com - May 2 at 7:36 PM
americanbankingnews.com logoLennar (LEN) Receives Media Impact Rating of -0.12
www.americanbankingnews.com - May 1 at 3:42 PM
seekingalpha.com logoFive Point IPO worth $6 per share to Lennar - Susquehanna
seekingalpha.com - May 1 at 12:57 PM
marketwatch.com logoLennar's Newest Community in Chester Springs Sees Unprecedented Sales Success
www.marketwatch.com - May 1 at 12:57 PM
finance.yahoo.com logoLennar Corp. breached its 50 day moving average in a Bearish Manner : LEN-US : May 1, 2017
finance.yahoo.com - May 1 at 12:56 PM
bizjournals.com logoHomebuilder Lennar shares more on benefits of teaming with Florida Cup, sports
www.bizjournals.com - April 28 at 7:13 PM
finance.yahoo.com logoLennar Corp. : LEN-US: Dividend Analysis : May 02nd, 2017 (record date) : By the numbers : April 28, 2017
finance.yahoo.com - April 28 at 7:13 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Very Likely to Affect Lennar (LEN) Stock Price
www.americanbankingnews.com - April 28 at 5:57 PM
marketwatch.com logoWCI, a Lennar Company, Breaks Ground on New Luxury Lakefront Community Parkland Bay
www.marketwatch.com - April 27 at 6:51 PM
thestreet.com logoLennar Becomes #197 Most Shorted S&P 500 Component, Replacing Salesforce.com
www.thestreet.com - April 26 at 7:06 PM
investopedia.com logoLennar Stock Trades Ex-Dividend Friday (LEN)
www.investopedia.com - April 26 at 7:06 PM
finance.yahoo.com logoLennar Stock Trades Ex-Dividend Friday
finance.yahoo.com - April 26 at 7:06 PM
americanbankingnews.com logoFavorable News Coverage Very Likely to Impact Lennar (LEN) Stock Price
www.americanbankingnews.com - April 25 at 4:08 PM
marketwatch.com logoLennar Invites Media to Attend April 26 Groundbreaking Event at New Parkland Bay Community
www.marketwatch.com - April 25 at 12:29 PM
bizjournals.com logoLennar expects to deliver 1,800 homes in Miami-Dade and Broward this year
www.bizjournals.com - April 25 at 12:29 PM

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Lennar (LEN) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff