Lennar Corporation Company Profile (NYSE:LEN)

About Lennar Corporation (NYSE:LEN)

Lennar Corporation 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 Builders - Single Homes
  • Sub-Industry: Homebuilding
  • Symbol: NYSE:LEN
  • CUSIP: 52605710
  • Web: www.lennar.com
  • Market Cap: $12.29 billion
  • Outstanding Shares: 234,463,000
Average Prices:
  • 50 Day Moving Avg: $51.68
  • 200 Day Moving Avg: $48.66
  • 52 Week Range: $39.68 - $55.75
  • Trailing P/E Ratio: 15.25
  • Foreward P/E Ratio: 10.96
  • P/E Growth: 1.39
Sales & Book Value:
  • Annual Revenue: $11.29 billion
  • Price / Sales: 1.09
  • Book Value: $30.31 per share
  • Price / Book: 1.73
  • Annual Dividend: $0.16
  • Dividend Yield: 0.3%
  • EBIDTA: $1.35 billion
  • Net Margins: 6.78%
  • Return on Equity: 12.73%
  • Return on Assets: 5.80%
  • Debt-to-Equity Ratio: 0.80%
  • Current Ratio: 9.33%
  • Quick Ratio: 0.97%
  • Average Volume: 2.04 million shs.
  • Beta: 1.32
  • Short Ratio: 3.81

Frequently Asked Questions for Lennar Corporation (NYSE:LEN)

What is Lennar Corporation's stock symbol?

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

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

Lennar Corporation announced a quarterly dividend on Wednesday, April 19th. Investors 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 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Friday, April 28th. View Lennar Corporation's Dividend History.

How were Lennar Corporation's earnings last quarter?

Lennar Corporation (NYSE:LEN) issued its quarterly earnings data on Tuesday, June, 20th. The company reported $0.91 EPS for the quarter, beating the Zacks' consensus estimate of $0.78 by $0.13. The firm earned $3.26 billion during the quarter, compared to analyst estimates of $2.90 billion. Lennar Corporation had a return on equity of 12.73% and a net margin of 6.78%. Lennar Corporation's quarterly revenue was up 18.8% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. View Lennar Corporation's Earnings History.

When will Lennar Corporation make its next earnings announcement?

Lennar Corporation is scheduled to release their next quarterly earnings announcement on Monday, September, 18th 2017. View Earnings Estimates for Lennar Corporation.

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

18 brokerages have issued 12 month price targets for Lennar Corporation's shares. Their predictions range from $46.00 to $63.00. On average, they anticipate Lennar Corporation's share price to reach $54.67 in the next year. View Analyst Ratings for Lennar Corporation.

What are analysts saying about Lennar Corporation stock?

Here are some recent quotes from research analysts about Lennar Corporation 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. Also, the acquisition of WCI Communities is expected to generate strong gross margin given its portfolio of high quality, low cost land and 51 communities. However, labor shortages, rising land and labor costs as well as interest rate can keep the housing momentum in check going forward. Again, Lennar shares have underperformed the Zacks classified Building-Residential/Commercial industry so far this year." (6/16/2017)
  • 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 Corporation's key competitors?

Who are Lennar Corporation's key executives?

Lennar Corporation's management team includes the folowing people:

  • Richard Beckwitt, President
  • Stuart A. Miller, Chief Executive Officer, Director
  • Bruce E. Gross, Chief Financial Officer and Vice President
  • Jonathan M. Jaffe, Chief Operating Officer, Vice President
  • Diane J. Bessette, Vice President, Treasurer
  • Mark Sustana, Secretary, General Counsel
  • David M. Collins, Controller
  • Sidney Lapidus, Lead Independent Director
  • Donna E. Shalala Ph.D., Director
  • Irving Bolotin, Independent Director

Who owns Lennar Corporation stock?

Lennar Corporation's stock is owned by a variety 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 Corporation.

Who sold Lennar Corporation stock? Who is selling Lennar Corporation stock?

Lennar Corporation'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 Corporation.

Who bought Lennar Corporation stock? Who is buying Lennar Corporation stock?

Lennar Corporation's stock was purchased 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 Corporation.

How do I buy Lennar Corporation stock?

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

What is Lennar Corporation's stock price today?

One share of Lennar Corporation stock can currently be purchased for approximately $52.41.

MarketBeat Community Rating for Lennar Corporation (NYSE LEN)
Community Ranking:  2.8 out of 5 ( )
Outperform Votes:  454 (Vote Outperform)
Underperform Votes:  367 (Vote Underperform)
Total Votes:  821
MarketBeat's community ratings are surveys of what our community members think about Lennar Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Lennar Corporation (NYSE:LEN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 7 Hold Ratings, 10 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $54.67 (4.31% upside)

Analysts' Ratings History for Lennar Corporation (NYSE:LEN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/22/2017Credit Suisse GroupInitiated CoverageNeutralLowView Rating Details
6/21/2017Bank of America CorporationReiterated RatingBuy$60.00 -> $63.00LowView Rating Details
6/21/2017Royal Bank Of CanadaBoost Price TargetOutperform$60.00 -> $61.00LowView Rating Details
6/15/2017WedbushReiterated RatingNeutral$46.00MediumView Rating Details
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
3/22/2017J P Morgan Chase & CoBoost 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 Inc.Initiated 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 & CompanyInitiated CoverageMarket PerformN/AView Rating Details
9/21/2016FBR & CoReiterated RatingOutperform$60.00N/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 6/22/2015 forward)


Earnings History for Lennar Corporation (NYSE:LEN)
Earnings by Quarter for Lennar Corporation (NYSE:LEN)
Earnings History by Quarter for Lennar Corporation (NYSE LEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
6/20/2017Q2 2017$0.78$0.91$2.90 billion$3.26 billionViewN/AView Earnings Details
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)


Earnings Estimates for Lennar Corporation (NYSE:LEN)
2017 EPS Consensus Estimate: $4.28
2018 EPS Consensus Estimate: $4.61
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.55$0.67$0.59
Q2 20173$0.76$0.97$0.85
Q3 20173$1.01$1.27$1.13
Q4 20173$1.46$1.87$1.71
Q1 20182$0.64$0.67$0.66
Q2 20182$0.99$1.10$1.05
Q3 20182$1.27$1.28$1.28
Q4 20182$1.61$1.65$1.63
(Data provided by Zacks Investment Research)


Current Dividend Information for Lennar Corporation (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:4.68% (Trailing 12 Months of Earnings)
4.19% (Based on This Year's Estimates)
3.35% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Lennar Corporation (NYSE:LEN)

Dividend History by Quarter for Lennar Corporation (NYSE LEN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Lennar Corporation (NYSE:LEN)
Insider Ownership Percentage: 12.18%
Institutional Ownership Percentage: 82.46%
Insider Trades by Quarter for Lennar Corporation (NYSE:LEN)
Institutional Ownership by Quarter for Lennar Corporation (NYSE:LEN)
Insider Trades by Quarter for Lennar Corporation (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)


Headline Trends for Lennar Corporation (NYSE:LEN)
Latest Headlines for Lennar Corporation (NYSE:LEN)
finance.yahoo.com logoWhy Home Builder Stocks Are Hot Now
finance.yahoo.com - June 22 at 12:34 PM
finance.yahoo.com logoToll Brothers (TOL) at 52-Week High: Can It Scale Higher?
finance.yahoo.com - June 22 at 12:34 PM
finance.yahoo.com logoZacks Investment Ideas feature highlights: M/I Homes, Lennar, KB Home, Lyon William Homes and M.D.C. Holdings
finance.yahoo.com - June 22 at 12:34 PM
americanbankingnews.com logoQ4 2017 EPS Estimates for Lennar Corporation Raised by KeyCorp (LEN)
www.americanbankingnews.com - June 22 at 11:12 AM
americanbankingnews.com logoQ3 2017 EPS Estimates for Lennar Corporation Lowered by Analyst (LEN)
www.americanbankingnews.com - June 22 at 8:52 AM
americanbankingnews.com logoBank of America Corporation Reaffirms Buy Rating for Lennar Corporation (LEN)
www.americanbankingnews.com - June 21 at 4:22 PM
finance.yahoo.com logoLennar (LEN) Hits a New 52-Week High on Q2 Earnings Beat
finance.yahoo.com - June 21 at 4:04 PM
finance.yahoo.com logoCompany News for June 21, 2017
finance.yahoo.com - June 21 at 4:04 PM
americanbankingnews.com logoLennar Corporation Expected to Earn FY2017 Earnings of $4.36 Per Share (LEN)
www.americanbankingnews.com - June 21 at 9:20 AM
nasdaq.com logoMid-Morning Market Update: Markets Open Lower; Lennar Tops Q2 Expectations - Nasdaq
www.nasdaq.com - June 21 at 5:20 AM
nasdaq.com logoLennar Corp. Profit Drops 2% In Q2 - Nasdaq
www.nasdaq.com - June 21 at 5:20 AM
rttnews.com logoLennar Corp. Profit Drops 2% In Q2
www.rttnews.com - June 21 at 12:19 AM
streetinsider.com logoLennar Corp. (LEN) Reports Q2 EPS of $0.91, Revenues Beat View
www.streetinsider.com - June 21 at 12:19 AM
cnbc.com logoUPDATE 1-Lennar's profit beats as home sales gain steam
www.cnbc.com - June 20 at 7:13 PM
zacks.com logoLennar (LEN) Tops Q2 Earnings, Home Sales Gross Margin Falls
www.zacks.com - June 20 at 7:13 PM
seekingalpha.com logoLennar Corp's (LEN) CEO Stuart Miller on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - June 20 at 7:13 PM
finance.yahoo.com logoLennar beats Street 2Q forecasts
finance.yahoo.com - June 20 at 7:12 PM
americanbankingnews.com logoLennar Corporation (LEN) Lowered to "Hold" at BidaskClub
www.americanbankingnews.com - June 20 at 6:06 PM
marketbeat.com logoParexel, Lennar rise; Teladoc, Chipotle Mexican Grill fall
marketbeat.com - June 20 at 4:44 PM
americanbankingnews.com logoLennar Corporation (LEN) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS
www.americanbankingnews.com - June 20 at 8:48 AM
finance.yahoo.com logoHomebuilding Sluggish in May: 4 Stocks on Solid Ground
finance.yahoo.com - June 19 at 5:17 PM
americanbankingnews.com logoLennar Corporation (LEN) Scheduled to Post Quarterly Earnings on Tuesday
www.americanbankingnews.com - June 18 at 7:04 AM
nasdaq.com logoHomebuilder Lennar to post Q2 numbers June 20
www.nasdaq.com - June 17 at 6:46 PM
finance.yahoo.com logoLennar (LEN) to Report Q2 Earnings: What's in the Cards?
finance.yahoo.com - June 17 at 12:14 AM
finance.yahoo.com logoHomebuilder Lennar Hovering Around Entry As Earnings On Tap Next Week
finance.yahoo.com - June 17 at 12:14 AM
finance.yahoo.com logoSwinerton tops out Shift Tower in San Diego
finance.yahoo.com - June 17 at 12:14 AM
bizjournals.com logoLennar Corp to build homes integrated with Amazon Alexa - South ... - South Florida Business Journal
www.bizjournals.com - June 16 at 7:11 PM
finance.yahoo.com logoCramer's game plan: This set of earnings reports could sway the market
finance.yahoo.com - June 16 at 7:11 PM
finance.yahoo.com logoCramer's game plan: This set of earnings reports could sw...
finance.yahoo.com - June 16 at 7:11 PM
finance.yahoo.com logoCramer Remix: Why the consumer is the biggest winner in Amazon’s Whole Foods takeover
finance.yahoo.com - June 16 at 7:11 PM
americanbankingnews.com logoLennar Corporation (LEN) Lifted to Buy at Zacks Investment Research
www.americanbankingnews.com - June 16 at 1:12 PM
americanbankingnews.com logoWedbush Reiterates Neutral Rating for Lennar Corporation (LEN)
www.americanbankingnews.com - June 15 at 7:52 AM
finance.yahoo.com logoLennar Launches World's First Wi-Fi CERTIFIED™ Smart Home Designs with Amazon Alexa
finance.yahoo.com - June 14 at 10:52 AM
thestreet.com logoThe New #161 Most Shorted S&P 500 Component: Lennar
www.thestreet.com - June 13 at 6:01 PM
finance.yahoo.com logoHomebuilder Sector Is Hot Again
finance.yahoo.com - June 13 at 6:01 PM
americanbankingnews.com logoLennar Co. (LEN) Downgraded by Zacks Investment Research
www.americanbankingnews.com - June 13 at 1:33 PM
finance.yahoo.com logo11 Best Growth Company Stocks To Buy Now
finance.yahoo.com - June 12 at 3:28 PM
finance.yahoo.com logoAECOM Secures Design Contract Worth $11 Million from SCPA
finance.yahoo.com - June 12 at 9:39 AM
finance.yahoo.com logoLennar Corporation's Second Quarter Earnings Conference Call to be Broadcast Live on the Internet
finance.yahoo.com - June 8 at 7:15 PM
News Icon7 billion-dollar megaprojects that will transform San Francisco by 2035
www.businessinsider.com - June 7 at 10:54 PM
bizjournals.com logoFortune 500: World Fuel Service ranks highest in South Florida, Lennar takes major leap forward
www.bizjournals.com - June 7 at 5:54 PM
nasdaq.com logoHere's Why You Should Add EMCOR (EMR) to Your Portfolio
www.nasdaq.com - June 6 at 6:57 PM
bizjournals.com logoHouston developer launches new urban community in Garden Oaks
www.bizjournals.com - June 6 at 6:57 PM
bizjournals.com logoHewing Hotel developer plans condos in NE Minneapolis
www.bizjournals.com - June 5 at 9:51 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Lennar Co. (LEN) Will Post Quarterly Sales of $2.89 Billion
www.americanbankingnews.com - June 2 at 1:48 PM
finance.yahoo.com logoLMC Announces Start of Preleasing at Twenty20 MAD Apartments
finance.yahoo.com - June 1 at 7:05 PM
bizjournals.com logoMiller family lists Star Island mansion for $49M (photos)
www.bizjournals.com - June 1 at 8:44 AM
marketwatch.com logoLennar Announces the Opening of Monroe Parke
www.marketwatch.com - June 1 at 8:44 AM
americanbankingnews.com logo$0.78 Earnings Per Share Expected for Lennar Co. (LEN) This Quarter
www.americanbankingnews.com - May 31 at 10:26 AM
seekingalpha.com logoFive Point Holdings Could See Shares Rise This Week
seekingalpha.com - May 31 at 5:31 AM



Lennar Corporation (LEN) Chart for Thursday, June, 22, 2017

This page was last updated on 6/22/2017 by MarketBeat.com Staff