Is It Worthwhile For Investors To Follow These Insider Trades On Lennar Corporation (LEN)?

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Lennar Corporation (NYSE:LEN) finished Wednesday with a subtraction of -$2.2 to close at $88.50, a downside of -2.43 percent. An average of 1,397,300 shares of common stock have been traded in the last five days. There was a fall of -$0.50 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 2,467,985 shares traded, while the 50-day average volume stands at 2,297,372.

LEN stock has increased by 3.69% in the last month. The company shares reached their 1-month lowest point of $84.45 on 11/30/22. 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 $116.72 in 52 weeks. It has reached a new high 1 time so far this year and lost -23.81% or -$27.66 in price. In spite of this, the price is down -24.18% from the 52-week high.


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Insider Transactions

LEN stock investors should be aware that Lennar Corporation (LEN) stock had its last reported insider trading activity 161 days ago 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.

Valuation Metrics

Lennar Corporation (LEN) has a trailing price-to-earnings (P/E) ratio of 7.47. The stock’s beta is 1.37. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.87, the price-to-book (PB) ratio at 1.11, and the price-to-cash flow ratio at 33.69.

The company has a payout ratio of 9.50%. 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.

Financial Health

Further, the company has a long term debt to equity ratio of 0.18 and a total debt to equity ratio of 0.24 for the quarter ending August 30. Its gross profit as reported stood at $7.2 billion compared to revenue of $33.67 billion.

Earnings Surprise

For the three-month period that ended August 30, Lennar Corporation had $5.56 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 $1.47 billion in the quarter, while revenues of $1.32 billion were grew 4.12%. The analyst consensus anticipated Lennar Corporation’s latest quarter earnings to come in at $4.87 per share, but it turned out to be $5.03, a 3.30% surprise.

Technical Picture

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 28 December was 44.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.10%.

As of today, LEN’s price is $90.29 -0.56% or -$0.50 from its 5-day moving average. LEN is currently trading +2.43% higher than its 20-day SMA and +4.45% higher than its 100-day SMA. However, the stock’s current price level is +18.81% above the SMA50 and +6.19% above the SMA200.

The stochastic %K and %D were 40.11% and 50.86%, respectively, and the average true range (ATR) was 2.60. With the 14-day stochastic at 14.58% and the average true range at 2.72, the RSI (14) stands at 50.41%. The stock has reached -0.84 on the 9-day MACD Oscillator while the 14-day reading was at -0.44.

Analyst Ratings

Barclays upgraded Lennar Corporation (NYSE: LEN) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Lennar Corporation (LEN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LEN, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 others rate it as a “buy”.

What is LEN’s price target for the next 12 months?

Analysts predict a range of price targets between $79.00 and $120.00, with a median target of $105.00. Taking a look at these predictions, the average price target given by analysts for Lennar Corporation (LEN) stock is $104.06.

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