Lennar Corporation (NYSE:LEN) finished Wednesday with a subtraction of -$0.96 to close at $75.92, a downside of -1.25 percent. An average of 3,146,720 shares of common stock have been traded in the last five days. There was a gain of $2.48 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 2,577,220 shares traded, while the 50-day average volume stands at 2,596,096.
LEN stock has decreased by -7.70% in the last month. The company shares reached their 1-month lowest point of $72.48 on 09/14/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $62.54 and a high of $117.54 in 52 weeks. It has reached a new high 1 time so far this year and lost -34.64% or -$40.24 in price. In spite of this, the price is down -35.41% from the 52-week high.
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63 days have passed since Lennar Corporation (LEN) last reported insider trading activity. Collins David M, who is VP & Controller, most recently acquired $15,000 shares at $82.00 per share on Jul 21. In this transaction, the insider spent $1,230,000. VP/General Counsel/Secretary, SUSTANA MARK, disposed of 22,000 shares at a price of $71.69 on May 11. The insider now owns more than $1,577,180 worth of shares.
Lennar Corporation (LEN) has a trailing price-to-earnings (P/E) ratio of 5.18. The stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.70, the price-to-book (PB) ratio at 1.02, and the price-to-cash flow ratio at 14.56.
The company has a payout ratio of 7.70%. The company’s most recent quarterly dividend payment was $0.3750 a share, without any change from last year. Its latest increase dividend $0.1250 reported on Wednesday January 12 2022.
Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.28 for the quarter ending May 30. Its gross profit as reported stood at $5.54 billion compared to revenue of $27.13 billion.
For the three-month period that ended May 30, Lennar Corporation had $4.65 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.32 billion in the quarter, while revenues were grew 37.05%. The analyst consensus anticipated Lennar Corporation’s latest quarter earnings to come in at $3.95 per share, but it turned out to be $4.49, a 13.70% surprise. For the quarter, EBITDA amounted to $1.89 billion. Shareholders own equity worth $291.39 million.
From a technical analysis perspective, let’s take a brief look at Lennar Corporation (LEN) price momentum. RSI 9-day as of the close on 21 September was 42.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.08%.
As of today, LEN’s price is $76.18 +3.38% or $2.48 from its 5-day moving average. LEN is currently trading -7.54% lower than its 20-day SMA and -3.40% lower than its 100-day SMA. However, the stock’s current price level is -3.03% below the SMA50 and -32.41% below the SMA200.
The stochastic %K and %D were 49.84% and 45.42%, respectively, and the average true range (ATR) was 2.68. With the 14-day stochastic at 37.19% and the average true range at 2.65, the RSI (14) stands at 42.75%. The stock has reached 0.54 on the 9-day MACD Oscillator while the 14-day reading was at 0.15.
KeyBanc Capital Markets upgraded Lennar Corporation (NYSE: LEN) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Underweight.