Lennar Corporation (LEN)
Market Cap | 43.16B |
Revenue (ttm) | 35.06B |
Net Income (ttm) | 4.06B |
Shares Out | 275.57M |
EPS (ttm) | 14.30 |
PE Ratio | 10.95 |
Forward PE | 10.70 |
Dividend | $2.00 (1.28%) |
Ex-Dividend Date | Jan 23, 2024 |
Volume | 1,679,212 |
Open | 157.20 |
Previous Close | 156.57 |
Day's Range | 154.93 - 158.01 |
52-Week Range | 100.95 - 167.49 |
Beta | 1.52 |
Analysts | Buy |
Price Target | 160.93 (+2.76%) |
Earnings Date | Mar 13, 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 $3.94 billion, a decrease of -14.64%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for LEN stock is "Buy." The 12-month stock price forecast is $160.93, which is an increase of 2.76% from the latest price.
News
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.
Lennar raises dividend by 33%, ups buyback program by $5 billion
Lennar LEN, -0.77% raised its annual dividend to $2.00 a share, a 33% increase, and said the homebuilder's board has authorized a $5 billion increase to its share-repurchase program.
Lennar Corporation Increases Annual Dividend to $2.00 Per Share and Share Repurchase Authorization by $5 billion
MIAMI , Jan. 9, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has increased its annual dividend to $2.0...
The housing supply may not be able to keep up with demand next year, says Wedbush's Jay McCanless
Jay McCanless, Wedbush housing analyst, joins 'Power Lunch' to discuss the housing sector.
Worth Charting's Carter Worth on homebuilder stocks: Now is the time to take profits
Carter Worth, Worth Charting founder and CEO, joins 'The Exchange' to discuss homebuilder stocks, whether it's the right time to trim regional bank stocks, and more.
Builder-confidence index rises for the first time in five months as mortgage rates fall
The numbers: Builder confidence rose in December for the first time in five months as mortgage rates fell.
LENNAR GROWS NEW YORK PRESENCE WITH ACQUISITION OF 1,273 HOMESITES IN TUXEDO RESERVE MASTER-PLANNED COMMUNITY
TUXEDO, N.Y. , Dec. 18, 2023 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, proudly announces the acquisition of nine neighborhoods totaling 1,273 homesites in the Tuxedo Reserve (f...
Homebuilders still have room to run, says BofA Securities' Rafe Jadrosich
Rafe Jadrosich, BofA Securities senior homebuilders analyst, join 'The Exchange' to discuss the outlook for homebuilders, the impact of rate cuts, and more.
Home builder Lennar reports boost in fourth-quarter sales
Home builder Lennar Corp. LEN, +6.65% on Thursday reported sales that beat expectations in house deliveries and new orders, though the company's stock was down 4% in after-hours trading. The Miami-bas...
Lennar Reports Fourth Quarter and Fiscal 2023 Results
Net earnings per diluted share of $4.82. $5.17, excluding mark-to-market losses on technology investments and other one-time items (collectively, "adjustments")
Up 63% This Year, Despite Higher Rates, Will The Homebuilding Theme Continue To Outperform?
Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders such as Pulte Group and Lennar LEN has fared well in 2023, rising by a ...
Why homebuilding stocks have a positive outlook for 2024
The housing market has seen some volatility with mortgage rates as high as 8%, homebuyers pulling out of the market, and inventory remaining low. Despite this, homebuilder stocks have seen an upside i...
Homebuilders Lennar and PulteGroup hit fresh highs, among others
D.R. Horton and Lennar are hitting all-time highs today, with the whole sector rallying. CNBC's Investment Committee discusses how to trade the homebuilders.
Final Trades: Lennar, Intuit, Municipal Bonds & CVS Health
Here's today's Final Trades from the Investment Committee.
LENNAR CORPORATION'S FOURTH QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
MIAMI , Dec. 1, 2023 /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 fourth quarter e...