Lennar Corporation [NYSE: LEN] jumped around 3.28 points on Thursday, while shares priced at $98.33 at the close of the session, up 3.45%. The company report on September 30, 2021 that Lennar Corporation Declares Quarterly Dividends.
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 of $0.25 per share for both Class A and Class B common stock payable on October 28, 2021 to holders of record at the close of business on October 14, 2021.
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About Lennar Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar’s homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar’s technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.
Lennar Corporation stock is now 28.99% up from its year-to-date (YTD) trading value. LEN Stock saw the intraday high of $98.52 and lowest of $95.56 per share. The company’s 52-week high price is 110.61, which means current price is +37.49% above from all time high which was touched on 05/10/21.
Compared to the average trading volume of 1.95M shares, LEN reached a trading volume of 2376160 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Lennar Corporation [LEN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LEN shares is $117.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LEN stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Lennar Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 18, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on April 16, 2021, representing the official price target for Lennar Corporation stock.
The Average True Range (ATR) for Lennar Corporation is set at 2.46, with the Price to Sales ratio for LEN stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 9.15. Price to Free Cash Flow for LEN in the course of the last twelve months was 22.33.
How has LEN stock performed recently?
Lennar Corporation [LEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.54. With this latest performance, LEN shares dropped by -0.12% in over the last four-week period, additionally sinking by -7.13% over the last 6 months – not to mention a rise of 18.01% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LEN stock in for the last two-week period is set at 53.81, with the RSI for the last a single of trading hit 62.97, and the three-weeks RSI is set at 50.14 for Lennar Corporation [LEN]. The present Moving Average for the last 50 days of trading for this stock 101.27, while it was recorded at 95.05 for the last single week of trading, and 96.11 for the last 200 days.
Lennar Corporation [LEN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Lennar Corporation [LEN] shares currently have an operating margin of +13.87 and a Gross Margin at +23.02. Lennar Corporation’s Net Margin is presently recorded at +10.85.
Return on Total Capital for LEN is now 12.16, given the latest momentum, and Return on Invested Capital for the company is 10.20. Return on Equity for this stock inclined to 14.36, with Return on Assets sitting at 8.22. When it comes to the capital structure of this company, Lennar Corporation [LEN] has a Total Debt to Total Equity ratio set at 41.93. Additionally, LEN Total Debt to Total Capital is recorded at 29.54, with Total Debt to Total Assets ending up at 25.20. Long-Term Debt to Equity for the company is recorded at 33.59, with the Long-Term Debt to Total Capital now at 23.67.
Reflecting on the efficiency of the workforce at the company, Lennar Corporation [LEN] managed to generate an average of $256,624 per employee. Receivables Turnover for the company is 24.35 with a Total Asset Turnover recorded at a value of 0.76.
Earnings analysis for Lennar Corporation [LEN]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lennar Corporation go to 10.70%.
Insider trade positions for Lennar Corporation [LEN]
There are presently around $25,338 million, or 97.30% of LEN stock, in the hands of institutional investors. The top three institutional holders of LEN stocks are: VANGUARD GROUP INC with ownership of 28,934,505, which is approximately 0.752% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 22,526,475 shares of the stock with an approximate value of $2.22 billion in LEN stocks shares; and FMR LLC, currently with $2.07 billion in LEN stock with ownership of nearly -14.621% of the company’s market capitalization.
Positions in Lennar Corporation stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 374 institutional holders increased their position in Lennar Corporation [NYSE:LEN] by around 16,304,162 shares. Additionally, 318 investors decreased positions by around 17,424,445 shares, while 111 investors held positions by with 223,956,403 shares. The mentioned changes placed institutional holdings at 257,685,010 shares, according to the latest SEC report filing. LEN stock had 87 new institutional investments in for a total of 4,182,345 shares, while 63 institutional investors sold positions of 810,720 shares during the same period.