Lennar Corporation [LEN] Stock trading around $64.49 per share: What’s Next?


Lennar Corporation [NYSE: LEN] slipped around -4.48 points on Thursday, while shares priced at $64.49 at the close of the session, down -6.50%. The company report on June 14, 2022 that LMC Announces Start of Leasing at Halcyon House.

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Mid-rise Community Introduces 393 New Apartment Homes to Highly Coveted Costa Mesa, Calif., Market.

LMC, a leader in apartment development and management, today announced the start of leasing at Halcyon House, a sophisticated mid-rise community in Costa Mesa, Calif.

Lennar Corporation stock is now -44.48% down from its year-to-date (YTD) trading value. LEN Stock saw the intraday high of $67.265 and lowest of $63.355 per share. The company’s 52-week high price is 117.54, which means current price is +1.79% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 2.86M shares, LEN reached a trading volume of 4074962 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 $113.06 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 2.10. 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.

Credit Suisse have made an estimate for Lennar Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 05, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $125 to $113. The new note on the price target was released on January 27, 2022, representing the official price target for Lennar Corporation stock. Previously, the target price had yet another raise to $145, while UBS analysts kept a Buy rating on LEN stock.

The Average True Range (ATR) for Lennar Corporation is set at 3.36, with the Price to Sales ratio for LEN stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 5.14.

How has LEN stock performed recently?

Lennar Corporation [LEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.04. With this latest performance, LEN shares dropped by -16.81% in over the last four-week period, additionally sinking by -42.97% over the last 6 months – not to mention a drop of -31.86% 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 28.23, with the RSI for the last a single of trading hit 19.16, and the three-weeks RSI is set at 33.50 for Lennar Corporation [LEN]. The present Moving Average for the last 50 days of trading for this stock 76.53, while it was recorded at 69.41 for the last single week of trading, and 93.52 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 +18.75 and a Gross Margin at +27.06. Lennar Corporation’s Net Margin is presently recorded at +16.13.

Return on Equity for this stock inclined to 22.56, with Return on Assets sitting at 13.86.

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 23.70%.

Insider trade positions for Lennar Corporation [LEN]

There are presently around $15,347 million, or 93.40% of LEN stock, in the hands of institutional investors. The top three institutional holders of LEN stocks are: VANGUARD GROUP INC with ownership of 28,049,630, which is approximately -2.097% of the company’s market cap and around 1.80% of the total institutional ownership; BLACKROCK INC., holding 22,092,308 shares of the stock with an approximate value of $1.42 billion in LEN stocks shares; and ARISTOTLE CAPITAL MANAGEMENT, LLC, currently with $984.12 million in LEN stock with ownership of nearly 3.269% of the company’s market capitalization.

Positions in Lennar Corporation stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 372 institutional holders increased their position in Lennar Corporation [NYSE:LEN] by around 20,086,381 shares. Additionally, 430 investors decreased positions by around 24,475,686 shares, while 96 investors held positions by with 193,416,253 shares. The mentioned changes placed institutional holdings at 237,978,320 shares, according to the latest SEC report filing. LEN stock had 84 new institutional investments in for a total of 2,695,073 shares, while 132 institutional investors sold positions of 5,235,369 shares during the same period.