Lennar Corporation Company Profile (NYSE:LEN)

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

Lennar Corporation announced a quarterly dividend on Thursday, June 29th. Shareholders of record on Thursday, July 13th will be paid a dividend of $0.04 per share on Thursday, July 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Tuesday, July 11th. View Lennar Corporation's Dividend History.

Lennar Corporation (NYSE:LEN) posted 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 had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.90 billion. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The firm's revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. View Lennar Corporation's Earnings History.

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

18 equities research analysts have issued 1 year target prices for Lennar Corporation's stock. Their forecasts range from $46.00 to $64.00. On average, they expect Lennar Corporation's stock price to reach $56.31 in the next year. View Analyst Ratings for Lennar Corporation.

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. Although Lennar shares underperformed the industry year-to-date, estimates have moved north for fiscal 2017 and 2018 in the last 60 days. However, labor shortages, rising land and labor costs as well as interest rate can keep the housing momentum in check going forward." (7/28/2017)
• 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)

Lennar Corporation saw a increase in short interest in the month of July. As of July 14th, there was short interest totalling 8,273,088 shares, an increase of 40.0% from the June 30th total of 5,907,806 shares. Based on an average trading volume of 2,016,309 shares, the days-to-cover ratio is currently 4.1 days. Currently, 4.2% of the shares of the stock are short sold.

Some companies that are related to Lennar Corporation include Weyerhaeuser Company (WY), HeidelbergCement AG (HDELY), Vulcan Materials Company (VMC), D.R. Horton (DHI), Martin Marietta Materials (MLM), Masco Corporation (MAS), Lennar Corporation (LEN.B), NVR (NVR), Rollins (ROL), United Rentals (URI), PulteGroup (PHM), Acuity Brands (AYI), Owens Corning (OC), Lennox International (LII), RPM International (RPM), James Hardie Industries PLC. (JHX), Toll Brothers (TOL) and Jacobs Engineering Group (JEC).

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

Lennar Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Sanders Capital LLC (4.02%), The Manufacturers Life Insurance Company (3.70%), Greenhaven Associates Inc. (2.67%), Principal Financial Group Inc. (1.54%), FMR LLC (1.54%) and UBS Asset Management Americas Inc. (1.44%). View Institutional Ownership Trends for Lennar Corporation.

Lennar Corporation's stock was sold by a variety of institutional investors in the last quarter, including Capital Growth Management LP, Oakmont Corp, HAP Trading LLC, Sanders Capital LLC, BB&T Securities LLC, WINTON GROUP Ltd, Thrivent Financial For Lutherans and Russell Investments Group Ltd.. View Insider Buying and Selling for Lennar Corporation.

Lennar Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Smead Capital Management Inc., The Manufacturers Life Insurance Company , Alliancebernstein L.P., Federated Investors Inc. PA, Eagle Asset Management Inc., Stevens Capital Management LP and Seven Eight Capital LP. View Insider Buying and Selling for Lennar Corporation.

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.

One share of Lennar Corporation stock can currently be purchased for approximately $52.11.