Lennar Corporation Company Profile (NYSE:LEN)

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

Lennar Corporation declared a quarterly dividend on Thursday, October 5th. Stockholders of record on Thursday, October 19th will be given a dividend of $0.04 per share on Thursday, November 2nd. This represents a $0.16 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, October 18th. View Lennar Corporation's Dividend History.

Lennar Corporation (NYSE:LEN) released its quarterly earnings data on Tuesday, October, 3rd. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 EPS. View Lennar Corporation's Earnings History.

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

16 equities research analysts have issued 1-year target prices for Lennar Corporation's shares. Their forecasts range from $49.00 to $65.00. On average, they expect Lennar Corporation's stock price to reach $58.00 in the next twelve months. 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. Meanwhile, Lennar's shares underperformed the industry over the last three months and earnings estimate revisions have been mixed in the last seven days. However, labor shortages, rising land and labor costs as well as interest rate can keep the housing momentum in check going forward." (9/18/2017)
• 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), HeidelbergCement AG (HDELY), D.R. Horton (DHI), Vulcan Materials Company (VMC), Martin Marietta Materials (MLM), United Rentals (URI), Masco Corporation (MAS), Cemex S.A.B. de C.V. (CX), Lennar Corporation (LEN.B), NVR (NVR), Rollins (ROL), Owens Corning (OC), PulteGroup (PHM), Lennox International (LII), Jacobs Engineering Group (JEC), RPM International (RPM), Acuity Brands (AYI) and Thor Industries (THO).

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 many different of retail and institutional investors. Top institutional shareholders include Norman Fields Gottscho Capital Management LLC (0.01%) and First National Bank of Mount Dora Trust Investment Services (0.01%). Company insiders that own Lennar Corporation stock include Bruce E Gross and Jonathan M Jaffe. View Institutional Ownership Trends for Lennar Corporation.

Lennar Corporation's stock was sold by a variety of institutional investors in the last quarter, including First National Bank of Mount Dora Trust Investment Services. Company insiders that have sold Lennar Corporation stock in the last year include Bruce E Gross and Jonathan M Jaffe. 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 Norman Fields Gottscho Capital Management LLC. 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 $56.27.