Lennar Corporation (LEN.B)
| Market Cap | 42.75B |
| Revenue (ttm) | 35.06B |
| Net Income (ttm) | 4.06B |
| Shares Out | 299.17M |
| EPS (ttm) | 14.24 |
| PE Ratio | 10.03 |
| Forward PE | 9.94 |
| Dividend | $2.00 (1.40%) |
| Ex-Dividend Date | Apr 23, 2024 |
| Volume | 31,200 |
| Open | 143.00 |
| Previous Close | 140.56 |
| Day's Range | 142.45 - 144.26 |
| 52-Week Range | 93.62 - 155.30 |
| Beta | 1.53 |
| Analysts | Buy |
| Price Target | 165.73 (+15.99%) |
| Earnings Date | Jun 12, 2024 |
About LEN.B
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 $3.94 billion, a decrease of -14.64%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for LEN.B stock is "Buy." The 12-month stock price forecast is $165.73, which is an increase of 15.99% from the latest price.
News
Why Homebuilder Sales and Stock Prices Are Rising Despite High Mortgage Rates
Shares of U.S. homebuilders rose on Tuesday amid signs that a dearth of existing homes for sale and resilient demand in the face of high interest rates are buoying earnings.
Lennar Stock Is Underperforming. A Director Scooped Up Shares.
Lennar director Amy Banse bought about $250,000 of the home builder's stock on the open market.
Ex-Dividend Reminder: Lennar, Lowe's And West Pharmaceutical
On 4/23/24, Lennar, Lowe's Companies and West Pharmaceutical Services, will all trade ex-dividend for their respective upcoming dividends. Lennar will pay its quarterly dividend of $0.50 on 5/8/24, Lo...
The outlook for homebuilders
John Lovallo, analyst at UBS, joins ‘The Exchange' to discuss D.R. Horton as the home builder exceeded expectations in its fiscal second quarter, how higher rates are impacting home sales, and more.
Windy Hill Development Sells 336 Acres to Lennar in Needville's Esperanza Master-Planned Community
HOUSTON--(BUSINESS WIRE)-- #Esperanza--Windy Hill Development, a pioneering land development company establishing master-planned communities and mixed-use commercial retail projects in the Greater Hou...
Daily Dividend Report: Lennar, Costco, H.B. Fuller, Fastenal, Conagra
Lennar, one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on M...
Lennar Corporation Declares Quarterly Dividends
MIAMI , April 10, 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 ...
Homebuilders fall following hot inflation numbers
CNBC's Diana Olick reports on how Wednesday's CPI data will impact the real estate sector.
Neutral to bullish on LEN, Neutral to Bearish on AMD, Bearish on XOM
Lennar (LEN), AMD (AMD), and Exxon Mobil (XOM) are today's big three stocks. Scott Bauer and Rick Ducat discuss the technical trends and how to trade these names.
Homebuilder Stocks Fall on Downgrades Predicting Seasonal Share-Price Drop
A number of homebuilding companies' shares fell Tuesday after Wedbush Securities analysts predicted seasonal stock-price drops that could be exacerbated by persistently high mortgage rates, inflation,...
Lennar Downgraded, Petco Double-Downgraded, NIO Downgraded | Top Calls
Top calls today are Lennar Downgraded, Petco Double-Downgraded and NIO Downgraded.
Quarterra Multifamily Announces the Start of Leasing at Emblem Conyers Apartments
Middle-income community marks Quarterra's fourth venture in the Atlanta Metro Area CONYERS, Ga., April 2, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertica...
Quarterra Multifamily Announces the Continued Growth of its Emblem Communities Development Program
Program designed to deliver attainable options for middle-income renters has delivered 7 communities, with 2 more under construction CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ -- Quarterra Multifami...
US homebuilding bounces back in February as builders grow ‘optimistic' about rate cuts
Ahead of the highly anticipated Federal Reserve rate decision on Wednesday, CEO and President of the National Association of Home Builders (NAHB) Jim Tobin joins Yahoo Finance Live to share his insigh...
Public homebuilders will continue to gain market share, according to UBS analyst John Lovallo
UBS analyst John Lovallo joins 'The Exchange' to discuss his outlook for homebuilders, the advantages public builders have in the space, and more.
Lennar's Miller Says There's a US Housing Shortage
Lennar Co-CEO Stuart Miller says the homebuilder continues to be profitable and the country needs more housing. He says buyers are having a tougher time qualifying for mortgages now.
Interest rates definitely have an impact on affordability, says Lennar Co-CEO on the housing market
CNBC's Diana Olick sits down with Stuart Miller, Lennar Co-CEO and executive chairman, to discuss Q1 quarterly results, the state of the U.S. housing market, and what's ahead for the company.
Lennar Corp Q1 earnings: ‘housing market fundamentals remained strong'
Lennar Corp (NYSE: LEN) is trading up in extended hours on Wednesday after reporting lower-than-expected revenue for its first financial quarter. Lennar's guidance for its fiscal second quarter Invest...
Lennar Reports First Quarter 2024 Results
First Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 25% to $2.57 Net earnings increased 21% to $719 million New orders increased 28% to 18,17...
LENNAR CORPORATION'S FIRST QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
MIAMI , Feb. 29, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the first quarter e...
Home builder sentiment climbs for third straight month
More economic data rolls out this week as home builder sentiment reports a third consecutive month of gains, according to the National Association of Home Builders (NAHB). Yahoo Finance Housing Report...
Builder-confidence index rises to five-month high on expectations that mortgage rates will drop in the coming months
The numbers: Home-builder confidence rose in February, with the industry expecting the Federal Reserve to cut interest rates later this year, which could boost demand for homes.
LENNAR BEGINS SALES AT STONEGATE PRESERVE, NEW AMENITY-RICH MASTER-PLANNED COMMUNITYIN PALMETTO, FLORIDA
PALMETTO, Fla. , Feb. 2, 2024 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, is now selling at Stonegate Preserve, a brand new single-family home master-planned community being buil...
Builder-confidence index jumps in January as mortgage rates fall
The numbers: Builder confidence surged in January as falling mortgage rates drew in home buyers from the sidelines.