Lennar Corporation (LEN)
| Market Cap | 51.41B |
| Revenue (ttm) | 35.78B |
| Net Income (ttm) | 4.10B |
| Shares Out | 274.60M |
| EPS (ttm) | 14.73 |
| PE Ratio | 12.71 |
| Forward PE | 12.98 |
| Dividend | $2.00 (1.07%) |
| Ex-Dividend Date | Jul 5, 2024 |
| Volume | 1,454,071 |
| Open | 187.44 |
| Previous Close | 185.91 |
| Day's Range | 184.44 - 188.19 |
| 52-Week Range | 102.90 - 188.19 |
| Beta | 1.61 |
| Analysts | Buy |
| Price Target | 176.86 (-5.53%) |
| Earnings Date | Sep 19, 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 17 analysts, the average rating for LEN stock is "Buy." The 12-month stock price forecast is $176.86, which is a decrease of -5.53% from the latest price.
News
Fed Meeting, FedEx and Lennar Earnings, and More to Watch
Plus, Bank of Japan's rate decision and earnings from Ferguson and General Mills.
Lennar Q3 2024 Preview: Asset-Light Shift Boosts Outlook, But Valuation Is Stretched
Lennar Corporation's stock has surged 40% since July 2023, outperforming the S&P 500, driven by strong demand and expanded earnings multiples despite growth deceleration. Lennar's Q3 earnings report w...
Top stocks to watch: FedEx, Lennar, FactSet, General Mills, VinFast
American stocks staged a strong recovery this week, erasing most of the losses made last week. The Dow Jones rose by almost 1% while the S&P 500 and Nasdaq 100 indices soared by over 1.8% and 2.58%, r...
Quarterra Multifamily Announces Construction on Emblem Mill Road Apartments
Suburban Atlanta community to add 324 new homes to burgeoning metro district, help with attainable housing shortage MCDONOUGH, Ga. , Sept. 12, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiar...
Lennar Corporation's Third Quarter Earnings Conference Call to Be Broadcast Live on the Internet
MIAMI , Sept. 5, 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 third quarter e...
Lennar: Further Upside As Mortgage Rates Begin Their Decline
Lennar is the second-largest US homebuilder, with the Homebuilding segment accounting for over 90% of revenues and EBIT. The company has outperformed the iShares US Consumer Discretionary ETF in 2024,...
Final Trades: Lennar, Oracle and Seagate
The Investment Committee give you their top stocks to watch for the second half.
How the 2024 election could impact homebuilder stocks
A housing shortage has supercharged the financial performance of large single-family homebuilders in the U.S. as the industry consolidates.
One-third of home builders are slashing prices as confidence in the market falls to 8-month low
The numbers: Builder confidence fell for the fourth month in a row in August, as elevated mortgage rates continue to spook home buyers.
We are set up for 'very nice fall' in the housing sector, says Evercore's Stephen Kim
Stephen Kim, Evercore ISI head of housing research, joins 'Money Movers' to discuss the Fed's rate path impact on the housing sector, why homebuilder stocks are incredibly cheap, and what investors sh...
Housing Stocks Could Get Squeezed Even Higher, Thanks to Eventual Fed Rate Cuts
Short sellers have targeted top home builders' stocks. But lower mortgage rates could spark further demand for new homes.
Quarterra Multifamily Announces the Start of Leasing at Harwood Apartments
268-home luxury community creates ideal connectivity throughout Phoenix Metro PHOENIX , July 30, 2024 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integ...
Lennar Is a Market Leader at a Good Price
Lennar Corp. (LEN, Financial) is the second-largest homebuilder in the United States, trailing only D.R. Horton (DHI).
Calls Of The Day: Uber, Lennar, NVR Inc and General Motors
The Investment Committee debate the latest Calls Of The Day
Why This Lennar Analyst Is No Longer Bullish Despite Potential Rate Cut Benefits
Shares of Lennar Corp LEN declined in premarket trading on Monday, just weeks after the company announced plans to spin off its land assets.
Homebuilder Stocks Rise As Milder Inflation Fuels Rate Cut Hopes
Homebuilder stocks jumped Thursday on hopes that mortgage rates will start to significantly downshift this year.
Lennar's 'land spin' and what it will do for the homebuilder
Lennar (LEN) received an upgrade from Wedbush Securities from Underperform to Neutral, while keeping the price target unchanged. The analyst behind the call, Wedbush Securities SVP of equity research ...
3-Stock Lunch: Tesla, Lennar and Helen of Troy
Eva Ados, ERShares COO, joins 'Power Lunch' to discuss stock plays for three stocks.
Why investors should consider homebuilder stocks despite high mortgage rates
Mortgage rates have ticked up this week, with the 30-year fixed rate sitting at 6.86%. Toggle AI chief market strategist RJ Assaly joins Market Domination to analyze the state of the housing market an...
Citi downgrades D.R. Horton and Lennar
D.R. Horton and Lennar getting downgraded at Citi. The Investment Committee debates homebuilders.
Lennar's stock dives below key chart level after longtime bull cuts rating
Shares of Lennar Corp. got chopped down Tuesday after Raymond James backed away from its longtime bullish call on the home builder, citing margin concerns and other company-specific “overhangs.”
Citi Downgrade of Lennar, DR Horton Drags Home Builder Shares Lower
Shares of several home builders tumbled Tuesday after Citi downgraded Lennar (LEN) and D.R. Horton (DHI), citing concerns about a housing market it says may stay sluggish for the rest of the year.
New-home sales plunge to lowest level since November
The numbers: Sales of newly built homes in the U.S. plunged in May, as the number of home buyers scaled back in the face of high mortgage rates.