Lennar Corporation (LEN)
- Previous Close
152.49 - Open
152.75 - Bid --
- Ask --
- Day's Range
151.12 - 153.76 - 52 Week Range
102.90 - 172.59 - Volume
472,516 - Avg. Volume
2,119,198 - Market Cap (intraday)
41.783B - Beta (5Y Monthly) 1.53
- PE Ratio (TTM)
10.65 - EPS (TTM)
14.24 - Earnings Date Jun 12, 2024 - Jun 17, 2024
- Forward Dividend & Yield 2.00 (1.31%)
- Ex-Dividend Date Apr 23, 2024
- 1y Target Est
180.35
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.
www.lennar.com12,284
Full Time Employees
November 30
Fiscal Year Ends
Sector
Industry
Recent News: LEN
Related Videos: LEN
Performance Overview: LEN
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: LEN
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Statistics: LEN
Valuation Measures
Market Cap
42.00B
Enterprise Value
41.14B
Trailing P/E
10.71
Forward P/E
10.64
PEG Ratio (5yr expected)
1.20
Price/Sales (ttm)
1.22
Price/Book (mrq)
1.59
Enterprise Value/Revenue
1.17
Enterprise Value/EBITDA
7.29
Financial Highlights
Profitability and Income Statement
Profit Margin
11.59%
Return on Assets (ttm)
9.29%
Return on Equity (ttm)
15.90%
Revenue (ttm)
35.06B
Net Income Avi to Common (ttm)
4.01B
Diluted EPS (ttm)
14.24
Balance Sheet and Cash Flow
Total Cash (mrq)
7.39B
Total Debt/Equity (mrq)
16.83%
Levered Free Cash Flow (ttm)
4.68B
Research Analysis: LEN
Analyst Price Targets
Fair Value
Analyst Recommendations
Earnings
Research Reports: LEN
Daily – Vickers Top Buyers & Sellers for 04/12/2024
The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.
Analyst Report: Lennar Corp.
Lennar Corp. based in Miami, is one of the two largest builders of homes based on 73,087 closings, across approximately 23 states, in FY23. Rival D.R. Horton actually delivered 82,917. Lennar's $34.2 billion in revenue ranks close to Horton's $35.5 billion helped by an average sales price that is about $60,000 higher. The company's East region is its biggest, accounting for 31% of deliveries. Lennar builds step-up (68% of closings), entry level (28%) and retirement (4%) homes, with an average selling price of $446,000. The company also provides mortgage financing. Lennar's Multifamily business develops and manages apartment complexes through joint ventures. Homebuilding represented $32.7 billion of the company's $34.2 billion in FY23 revenue. It is also the biggest contributor to pretax earnings. The company's fiscal year ends on November 30.
RatingBullishPrice TargetMarket Update: LEN
Stock markets were mixed on Thursday morning following a slightly better-than-expected PPI reading. In March, U.S. headline PPI rose 0.2% after increasing 0.6% in February and 0.4% in January. Prices for final demand services advanced 0.3%, while goods prices declined 0.1%. This brings annual PPI to 2.1%, up from 1.6% last month. Core PPI rose 0.2% after advancing 0.3% in February. The annual core PPI rate now stands at 2.8%, up from 2.7% in February. Leading the increase in services was the index for securities brokerage and investment-related services, which rose 3.1% -- while prices for traveler accommodation services declined 3.8%. A major factor in the decrease for final demand goods was energy, which decreased 1.6% -- while food prices advanced 0.8%, led by a 10.7% increase for processed poultry. The Dow was down 0.4%, while the S&P 500 was flat and the Nasdaq was up 0.5%. Crude oil traded above $85 per barrel and gold rose $12 to $2360 per ounce.
Analyst Report: Lennar Corporation
Lennar is one of the largest public homebuilders in the United States. The company’s homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar’s financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for rent construction and has invested in numerous housing-related technology startups.
RatingNeutralPrice Target