Lennar Corporation (LEN.B)

NYSE: LEN.B · IEX Real-Time Price · USD
139.60
+0.32 (0.23%)
Jun 24, 2024, 4:00 PM EDT - Market closed
0.23%
Market Cap 41.84B
Revenue (ttm) 35.06B
Net Income (ttm) 4.06B
Shares Out 299.66M
EPS (ttm) 14.24
PE Ratio 9.81
Forward PE 9.72
Dividend $2.00 (1.43%)
Ex-Dividend Date Jul 5, 2024
Volume 33,068
Open 138.82
Previous Close 139.28
Day's Range 137.66 - 140.05
52-Week Range 94.51 - 159.02
Beta 1.56
Analysts Buy
Price Target 170.07 (+21.83%)
Earnings Date Jun 17, 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]

Founded 1954
Employees 12,284
Stock Exchange NYSE
Ticker Symbol LEN.B
Full Company Profile

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 Statements

Analyst Forecast

According to 15 analysts, the average rating for LEN.B stock is "Buy." The 12-month stock price forecast is $170.07, which is an increase of 21.83% from the latest price.

Price Target
$170.07
(21.83% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Lennar Corporation Declares Quarterly Dividends

MIAMI , June 20, 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 o...

4 days ago - PRNewsWire

What Lennar's Q2 earnings signals for the housing market

Shares of Lennar (LEN) are trading lower in Tuesday's after-hours trading, despite the homebuilder delivering a beat in its second-quarter earnings. The company reported revenue of $8.77 billion, surp...

5 days ago - Yahoo Finance

UBS: More upside ahead for Lennar

John Lovallo, homebuilder analyst at UBS, joins CNBC's 'The Exchange' to discuss homebuilding company Lennar, cost pressures in the sector, and more.

6 days ago - CNBC Television

Lennar Stock Falls On Soft Deliveries Outlook: What To Know

Lennar beat analysts' expectations for its fiscal second quarter but said it expects lower-than-anticipated deliveries in Q3. Here's what you need to know.

6 days ago - Kiplinger

Lennar shares fall after posting weaker guidance

CNBC's Diana Olick reports on news from Lennar.

6 days ago - CNBC Television

NextEra Energy, Lennar And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday.

Other symbols: NEE
6 days ago - Benzinga

Lennar Stock Drops After Home Deliveries Forecast Falls Short of Estimates

Lennar (LEN) shares dropped more than 2% in extended trading on Monday after the homebuilder's delivery forecast outweighed quarterly results that came in ahead of Wall Street expectations.

6 days ago - Investopedia

Zelman's Ivy Zelman is cautious on homebuilders due to these headwinds

Ivy Zelman, Zelman & Associates Co-Founder, joins 'Closing Bell: Overtime' to react to Lennar earnings and discuss the state of the housing sector.

Other symbols: KBH
6 days ago - CNBC Television

Lennar Q2 earnings: ‘purchasers remained responsive to increased sales incentives'

Lennar Corp (NYSE: LEN) is trading down in extended hours on Wednesday even though it reported better-than-expected financial results for its second quarter. Lennar's guidance for the third quarter In...

7 days ago - Invezz

Lennar Reports Second Quarter 2024 Results

Second Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 15% to $3.45 $3.38, excluding mark-to-market losses on technology investments and one-ti...

7 days ago - PRNewsWire

Kroger, Lennar, Accenture, Darden, and More Stocks to Watch This Week

Markets will be closed on Wednesday for Juneteenth. Plus, earnings reports, retail sales data, and Bank of England and Swiss National Bank interest-rate decisions.

Other symbols: KRACNDRI
8 days ago - Barrons

What To Expect in the Markets This Week

In a holiday-shortened week, investors will be watching comments from Federal Reserve representatives and data from several economic releases that could help show whether inflation is likely to contin...

Other symbols: KBH
8 days ago - Investopedia

Cramer's week ahead: A closer look at housing with Lennar and KB Home earnings

CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, including earnings reports from homebuilders Lennar and KB Home. He said that the housing sec...

Other symbols: KBH
9 days ago - CNBC

Lennar Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Lennar Corporation LEN will release earnings results for its second quarter, after the closing bell on Monday.

10 days ago - Benzinga

Here's why UBS is bullish on homebuilder stocks

John Lovallo, UBS equity analyst, joins 'Money Movers' to discuss the lock-in effects high rates are having on homebuilders, his favorite homebuilder name, and much more.

Other symbols: DHIITBKBH
11 days ago - CNBC Television

Quarterra Multifamily Announces the Start of Leasing at Dryden Apartments

Luxury high-rise community combines sophistication with convenience in Denver's Golden Triangle Neighborhood DENVER , June 7, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corpor...

17 days ago - PRNewsWire

LENNAR CORPORATION'S SECOND QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET

MIAMI , June 4, 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 second quarter e...

20 days ago - PRNewsWire

Quarterra Multifamily Announces the Start of Construction at Renata Apartments

Quarterra's newest Northern California community to feature 260 one- and two-bedroom apartment homes SANTA ROSA, Calif. , June 4, 2024 /PRNewswire/ --  Quarterra Multifamily , a subsidiary of Lennar C...

20 days ago - PRNewsWire

Windy Hill Development to Break Ground on Mesa Vista Community in Northeast Houston; Lennar Agrees to Buy All 630 Residential Lots

HOUSTON--(BUSINESS WIRE)-- #Houston--Windy Hill Development, a pioneering land development company establishing master-planned communities and mixed-use commercial retail projects in the Greater Houst...

24 days ago - Business Wire

Homebuilders are Benefitting from High Mortgage Rates

ResiClub analysis of the Case-Schiller National Home Price Index showed U.S. home prices are up 47% since 2020, notes Dolly and Jenny Lenz. They examine real estate market trends.

Other symbols: DHIPHMTOL
5 weeks ago - Schwab Network

Final Trades: Meta, American Tower and Lennar

The Investment Committee gives you their top stocks to watch for the second half.

Other symbols: AMTMETA
5 weeks ago - CNBC Television

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.

Other symbols: BLDRDHIPHMTOL
2 months ago - Investopedia

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.

2 months ago - Barrons

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...

Other symbols: LOWWST
2 months ago - Forbes

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.

Other symbols: DHIKBHNVRPHMTOL
2 months ago - CNBC Television