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NYSE:LEN

Lennar (LEN) Stock Price, News & Analysis

$176.71
+5.43 (+3.17%)
(As of 07/26/2024 ET)
Today's Range
$174.20
$178.75
50-Day Range
$142.50
$176.71
52-Week Range
$102.90
$178.75
Volume
2.21 million shs
Average Volume
2.15 million shs
Market Capitalization
$48.52 billion
P/E Ratio
12.01
Dividend Yield
1.13%
Price Target
$167.88

Lennar MarketRank™ Stock Analysis

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
5.0% Downside
$167.88 Price Target
Short Interest
Healthy
2.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.34mentions of Lennar in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$4.84 M Sold Last Quarter
Proj. Earnings Growth
12.99%
From $14.16 to $16.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Construction Sector

15th out of 101 stocks

General Building Contractors - Residential Buildings Industry

1st out of 3 stocks

LEN stock logo

About Lennar Stock (NYSE:LEN)

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; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title, insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

LEN Stock Price History

LEN Stock News Headlines

Fed Rate Cuts Head sign in middle of street cityscape
3 Stocks Ready to Pop When the Fed Cuts Interest Rates
The June CPI was much better than expected and has the broad market set up to rally over the next six to 12 months. The rally is driven by the expectation for FOMC interest rate cuts, which will reduce the cost of money and reinvigorate the bull market, assuming no recession unfolds.
Fed Rate Cuts Head sign in middle of street cityscape
3 Stocks Ready to Pop When the Fed Cuts Interest Rates (LEN)
The FOMC is on track to cut rates at least once this year, invigorating small, mid-caps, and businesses with exposure to consumer credit.
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Carpenter setting Trusses for the roof of a house
Falling Inflation Sparks Optimism for These 3 Home Builder Stocks
The housing market has faced headwinds in recent times, primarily due to the impact of rising interest rates. This surge in borrowing costs has slowed down homebuying activity, leading to a decline in homebuilder stock prices.
Carpenter setting Trusses for the roof of a house
Falling Inflation Sparks Optimism for These 3 Home Builder Stocks (LEN)
Declining inflation is creating compelling investment opportunities in the recovering homebuilding sector.
Lumber yard stacks of lumber
Don't Miss These Stock Picks for the Lumber Price Surge
Some stocks depend on commodity prices for their success – or failure – and the main ones that come to mind may be inside the energy sector. If Warren Buffett chooses to buy an oil company, as he did through a nine-day buying streak in shares of Occidental Petroleum Co. NYSE: OXY, it may be because he sees a fundamental reason for oil prices to move higher and bring the company's valuation up with it.
Lumber yard stacks of lumber
Don’t Miss These Stock Picks for the Lumber Price Surge (LEN)
West Fraser Timber Co. is now the best choice for investors to get over 60% upside in the new housing demand cycle, standing above peers in all factors
PulteGroup logo stock market on smartphone screen
3 Homebuilder Stocks on Edge: Will the Sector Hold Its Ground?
The homebuilders industry and construction stocks have been in the spotlight recently, and the XHB SPDR S&P Homebuilders ETF NYSE: XHB is currently at a pivotal support level. As the ETF hovers near this critical point, investors might be questioning whether the sector can sustain its momentum or if a significant pullback is imminent.
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PulteGroup logo stock market on smartphone screen
3 Homebuilder Stocks on Edge: Will the Sector Hold Its Ground?
The homebuilder's sector, represented by the XHB ETF, shows signs of a potential pullback as it hovers near critical support levels.
Goldman Sachs Downgrades Lennar (LEN)
Lennar plows ahead with 1,000-unit East Side subdivision
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
7/26/2024
Next Earnings (Estimated)
9/12/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
General building contractors - residential buildings
Sub-Industry
Homebuilding
CUSIP
52605710
Employees
12,284
Year Founded
1954

Price Target and Rating

Average Stock Price Target
$167.88
High Stock Price Target
$240.00
Low Stock Price Target
$117.00
Potential Upside/Downside
-5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
17 Analysts

Profitability

Net Income
$3.94 billion
Pretax Margin
15.24%

Debt

Sales & Book Value

Annual Sales
$34.23 billion
Cash Flow
$15.62 per share
Book Value
$98.38 per share

Miscellaneous

Free Float
248,901,000
Market Cap
$48.52 billion
Optionable
Optionable
Beta
1.60

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Should I Buy Lennar Stock? LEN Pros and Cons Explained

Pros

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

  • Lennar Co. has a strong quick ratio of 1.27 and a current ratio of 5.47, indicating good liquidity and ability to meet short-term obligations.
  • The company's stock price has been consistently above its fifty-day and two-hundred day moving averages, showing positive momentum in the market.
  • Lennar Co. has a low debt-to-equity ratio of 0.11, signifying a conservative capital structure and lower financial risk.
  • The firm's recent dividend announcement of $0.50 per share with a dividend yield of 1.28% provides potential income for investors.
  • Insider activity, such as Director Amy Banse acquiring shares and EVP Jeffrey Joseph Mccall selling shares, can indicate confidence in the company's performance.

Cons

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

  • The company's price-to-earnings ratio of 10.97 and P/E/G ratio of 1.45 may suggest the stock is currently overvalued compared to its growth prospects.
  • Lennar Co.'s beta of 1.57 indicates higher volatility compared to the market, which may lead to increased risk for investors.
  • Recent insider selling activity, with EVP Jeffrey Joseph Mccall selling 10,000 shares, could raise concerns about future performance expectations.
  • The company's market capitalization of $43.57 billion may limit potential for significant short-term stock price appreciation.
  • While the dividend payout ratio is low at 14.02%, investors should consider the stability of future dividend payments amidst market uncertainties.
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 Sunday, June 30, 2024. Please send any questions or comments about these Lennar pros and cons to contact@marketbeat.com.

LEN Stock Analysis - Frequently Asked Questions

How have LEN shares performed this year?

Lennar's stock was trading at $149.04 at the beginning of 2024. Since then, LEN stock has increased by 18.6% and is now trading at $176.71.
View the best growth stocks for 2024 here
.

How were Lennar's earnings last quarter?

Lennar Co. (NYSE:LEN) issued its quarterly earnings data on Monday, June, 17th. The construction company reported $3.38 earnings per share for the quarter, beating analysts' consensus estimates of $3.20 by $0.18. The construction company earned $8.77 billion during the quarter, compared to the consensus estimate of $8.57 billion. Lennar had a trailing twelve-month return on equity of 15.93% and a net margin of 11.58%.

What is Stuart A. Miller's approval rating as Lennar's CEO?

204 employees have rated Lennar Chief Executive Officer Stuart A. Miller on Glassdoor.com. Stuart A. Miller has an approval rating of 77% among the company's employees.

Does Lennar have any subsidiaries?

Lennar subsidiaries include these companies: CalAtlantic Group, WCI Communities, 360 Developers LLC, Alliance Financial Services Inc., Ann Arundel Farms Ltd., Aquaterra Utilities Inc., Arbor Mill Veteran Project 2018 LLC, and others.

Who are Lennar's major shareholders?

Top institutional shareholders of Lennar include TCW Group Inc. (0.22%), Salem Investment Counselors Inc. (0.10%), New York State Teachers Retirement System (0.10%) and Wedge Capital Management L L P NC (0.09%). Insiders that own company stock include Diane J Bessette, Jeffrey Joseph McCall, David M Collins and Mark Sustana.
View institutional ownership trends
.

How do I buy shares of Lennar?

Shares of LEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Lennar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lennar investors own include NVIDIA (NVDA), Walt Disney (DIS), Intel (INTC), Home Depot (HD), Alibaba Group (BABA), Bank of America (BAC) and AT&T (T).

This page (NYSE:LEN) was last updated on 7/26/2024 by MarketBeat.com Staff

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