Lennar Corporation (LEN)
| Market Cap | 45.63B |
| Revenue (ttm) | 36.46B |
| Net Income (ttm) | 4.15B |
| Shares Out | 271.24M |
| EPS (ttm) | 15.10 |
| PE Ratio | 11.14 |
| Forward PE | 11.24 |
| Dividend | $2.00 (1.19%) |
| Ex-Dividend Date | Oct 9, 2024 |
| Volume | 1,128,774 |
| Open | 167.92 |
| Previous Close | 168.75 |
| Day's Range | 167.55 - 169.25 |
| 52-Week Range | 125.17 - 193.80 |
| Beta | 1.62 |
| Analysts | Buy |
| Price Target | 184.87 (+9.89%) |
| Earnings Date | Dec 12, 2024 |
About LEN
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 pro... [Read more]
Financial Performance
In 2023, Lennar's revenue was $34.23 billion, an increase of 1.67% compared to the previous year's $33.67 billion. Earnings were $3.89 billion, a decrease of -14.73%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for LEN stock is "Buy." The 12-month stock price forecast is $184.87, which is an increase of 9.89% from the latest price.
News
Lennar To Acquire Rausch Coleman Homes
MIAMI , Nov. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) announced today that it has entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilde...
Homebuilder M&A soars - here's why
CNBC's Diana Olick joins 'The Exchange' to report on homebuilder sentiment improving and why homebuilder M&A is soaring.
Buy These 6 RE Stocks That Deserve a Home in Your Portfolio
The U.S. Federal Reserve is on a chopping spree this autumn, cutting its benchmark Federal Funds rate by 0.50% in September and lopping off another 0.25% in early November. The moves brought the Fed F...
Quarterra Multifamily Announces the Start of Leasing at Cordelia Apartments
High-Rise Community Offers the Closest Luxury Living to the Water in Sarasota Bay SARASOTA, Fla. , Nov. 14, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a multif...
Mortgage rates surge higher on Trump victory, causing housing stocks to fall
The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. Housing stocks reacted in turn, with both the big public builders and buildin...
An Inflection Point In Residential Real Estate
Residential real estate supply is limited due to construction costs relative to NOI. In 2025 and 2026, housing will be increasingly undersupplied. The undersupply should drive up property revenues unt...
Buy 2 October Berkshire DiviDogs And Watch 6 More
This Berkshire/Buffett holdings-list from Kiplinger first-appeared 8/16/24 on BKH's SEC-Form-13F. Kiplinger, and YCharts both track this BRK batch. Here is your update from 10/28/24 YCharts data. 25 o...
U.S. housing market is on the ‘verge of a vicious cycle,' which is ‘not good for America,' Lennar Mortgage head warns
Laura Escobar, the president of Lennar Mortgage, said the lack of affordable housing options poses a threat to America's future.
Florida Is A Top State For New Home Builds — Could Hurricane Milton Slow It Down? 4 Homebuilder Stocks That Could Come Under Pressure
Hurricane Milton could slow down new home construction in the state of Florida, which could have a negative impact on the overall U.S. housing market.
Lennar Outlines Plans For REIT Spin-Off
On September 20, 2024, Lennar Corporation (NASDAQ: LEN, $180.45; Market Capitalization: $48.6 billion), one of the largest homebuilders in the US, announced its intention to spin off some of its land ...
Why Lennar Stock Could Be the Best Play in the Housing Market
Lennar LEN has headwinds in 2024, including margin pressure, but that is the worst news. While the housing market at large is tepid, conditions favor home builders, driving business, cash flow, and ca...
Decoding Lennar Corp (LEN): A Strategic SWOT Insight
On October 2, 2024, Lennar Corp (LEN, Financial), one of the United States' leading homebuilders, released its 10-Q filing, revealing a comprehensive financial performance and strategic positioning. T...
Daily Dividend Report: Micron, Lennar, McDonalds, Accenture, CNP
On September 25, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on October 23, 2024, to shareholders of record as of the close of business on Octo...
Lennar Corporation Declares Quarterly Dividends
MIAMI , Sept. 25, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend ...
Lennar Stock: A Sell After Disappointing Q3 Earnings And A Changing Environment?
Lennar Corporation reported Q3 FY2024 earnings on Thursday. The market was disappointed despite a beat on EPS and revenue estimates. In this update, I discuss reasons for the sell-off in LEN stock and...
3-Stock Lunch: Nike, Fedex, & Lennar
Brian Vendig, president of MJP Wealth Advisors, joins CNBC's 'Power Lunch' to discuss three stocks: Nike, Fedex, and Lennar.
Lennar Corporation (LEN) Q3 2024 Earnings Call Transcript
Lennar Corporation (NYSE:LEN) Q3 2024 Earnings Conference Call September 20, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-...
UBS' John Lovallo on homebuilder stocks
John Lovallo, UBS homebuilders analyst, joins 'The Exchange' to discuss why he is bullish on builders, how lower interest rates will affect the stocks and housing market, and more.
Lennar Stock Drops as Investors Don't Like the Homebuilder's Latest Outlook
Lennar (LEN) shares dropped Friday despite stronger-than-expected quarterly results as the homebuilder's guidance left investors uninspired.
Lennar Stock Remains a Buy Despite Gross Margin Concerns
Lennar stock is lower Friday as worries over gross margin estimates offset a fiscal Q3 beat. Here's what you need to know.
Cramer's Mad Dash: Lennar
CNBC's Jim Cramer delivers his daily Mad Dash.
Lennar Reports Third Quarter 2024 Results
Third Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 10% to $4.26 $3.90, excluding mark-to-market gains on technology investments and one-time...
Homebuilder Stocks Rise as Fed Rate Cut Looks Good For Mortgages
Homebuilder stocks are rising a day after the Federal Reserve kicked off its rate-cutting cycle, lowering the benchmark rate by half a percentage point.
Lennar Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Lennar Corporation LEN will release earnings results for its third quarter, after the closing bell on Thursday, Sept. 19.