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 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.

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.

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

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.

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)

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

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 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.

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.

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.

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 $52.41.