Lennar Corporation (LEN): A Technical View

As of Friday close, Lennar Corporation’s (NYSE:LEN) stock was up $2.39, moving up 3.21 percent to $76.76. The average number of shares traded per day over the past five days has been 2,924,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.78 fall in that time frame. In the last twenty days, the average volume was 2,675,965, while in the previous 50 days, it was 3,004,212.

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Since last month, LEN stock retreated -1.55%. Shares of the company fell to $70.67 on 05/11/22, the lowest level in the past month. A 52-week high of $117.54 was reached on 01/03/22 after having rallying from a 52-week low of $70.67. Since the beginning of this year, LEN’s stock price has dropped by -33.92% or -$39.40, and marked a new high 1 time. However, the stock has declined by -34.69% since its 52-week high.

Lennar Corporation (LEN) last reported insider trading activity 3 days ago on May 11. SUSTANA MARK, the VP/General Counsel/Secretary of the company, disposed of 22,000 shares for $71.69 on May 11. It resulted in a $1,577,180 divestment by the insider. McCall Jeffrey Joseph sold 10,000 shares at an average price of $108.19 on Sep 01. The insider now owns 134,901 shares following the transaction. On Jun 01, Executive Vice President McCall Jeffrey Joseph sold 10,000 shares at $100.14 apiece. The transaction was valued at $1,001,400.

Valuation Metrics

Right now, Lennar Corporation (LEN) has a P/E ratio of about 5.99. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.80, the price-to-book (PB) ratio of 1.09.

The latest dividend of $0.3750 per share was paid out, remained unchanged from last year’s $0.3750. On Wednesday January 12 2022, a $0.1250 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending February 27 was 0.22, and the total debt-to-equity ratio was 0.28. On the profitability front, the trailing twelve-month gross margin is 21.80% percent. Based on annual data, LEN earned $5.54 billion in gross profit and brought in $27.13 billion in revenue.

In Lennar Corporation’s quarter-end financial report for February 27, it reported total debt of $4.64 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LEN’s revenue rose 14.15% to $8.43 billion during the quarter, while net income inched up to $6.2 billion. While analysts expected Lennar Corporation to report $2.6 quarterly earnings, the actual figure was $1.69 per share, beating the consensus estimate by -35.00%. During the quarter, the company generated $1.11 billion in EBITDA. The liabilities of Lennar Corporation were 11.79 billion at the end of its most recent quarter ended February 27, and its total debt was $6.01 billion. The value of shareholders’ equity is $295.49 million.

Technical Picture

This quick technical analysis looks at Lennar Corporation’s (LEN) price momentum. With a historical volatility rate of 61.15%, the RSI 9-day stood at 48.83% on 13 May.

With respect to its five-day moving average, the current Lennar Corporation price is down by -2.27% percent or -$1.78. At present, LEN shares trade -0.01% below its 20-day simple moving average and -27.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.61% below its SMA50 and -27.90% below its SMA200.

Stochastic coefficient K was 26.80% and Stochastic coefficient D was 17.93%, while ATR was 3.90. Given the Stochastic reading of 46.99% for the 14-day period, the RSI (14) reading has been calculated as 47.30%. As of today, the MACD Oscillator reading stands at -3.13, while the 14-day reading stands at -3.10.

Analyst Ratings

Credit Suisse launched its rating on Lennar Corporation (NYSE: LEN) to a Neutral in a note to investors on April 05, 2022. Lennar Corporation (LEN) has been rated Overweight by analysts. According to 1 brokerage firm, LEN is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Lennar Corporation stock as buy, with 10 recommending it as overweight.

With a median target price of $102.50, the current consensus forecast for the stock is $75.00 – $154.00. Based on these forecasts, analysts predict Lennar Corporation (LEN) will achieve an average price target of $109.31.


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