AllAnalyst Report
logoMorningstarSeptember 15, 2020

Lennar Corporation: Lennar's Q3 Order Growth and Profitability Are Indicative of Robust Demand and Pricing Power

Symbols
LEN
Sector(s)
Consumer Cyclical
Rating
Premium
Current Price
$72.67
Fair Value
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Economic Moat
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Stewardship
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Summary

After merging with CalAtlantic in February 2018, Lennar has become the largest homebuilder (by revenue) 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 construction.

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