Lennar Corporation (NYSE:LEN) saw an upside of 1.60% to close Tuesday at $99.09 after adding $1.56 on the day. The 5-day average trading volume is 2,206,060 shares of the company’s common stock. It has gained $101.27 in the past week and touched a new high 1 time within the past 5 days. An average of 1,943,355 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,184,364.
LEN’s 1-month performance is 9.41% or $8.47 on its low of $88.42 reached on 12/28/22. The company’s shares have touched a 52-week low of $62.54 and high of $101.27, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, LEN has achieved 9.49% or $8.59 and has reached a new high 7 times. However, the current price is down -2.15% from the 52-week high price.
LEN stock investors last saw insider trading activity on Jul 21.Collins David M (VP & Controller) most recently sold 15,000 shares at $82.00 per share on Jul 21. This transaction cost the insider $1,230,000. VP/General Counsel/Secretary, SUSTANA MARK, sold 22,000 shares at a price of $71.69 on May 11.
LEN stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.96 while the price-to-book (PB) in the most recent quarter is 1.24, with the price to cash flow ratio at 37.16.
As well, the company’s long term debt to equity for the quarter ending August 30 was 0.18, while the total debt to equity was 0.24.. In terms of profitability, the gross margin trailing 12 months is 22.50%. The firm’s gross profit as reported stood at $7.2 billion against revenue of $33.67 billion.
For the quarterly period ending August 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 4.12% to $1.47 billion, while revenue of $1.32 billion was 9.99% off the previous quarter. Analysts expected LEN to announce $4.87 per share in earnings in its latest quarter, but it posted $5.03, representing a 3.30% surprise. LEN stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 13.74 billion, with total debt at $5.72 billion.
Let’s look briefly at Lennar Corporation (LEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 67.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.32%.
The stock’s 5-day moving average is $97.31, reflecting a +0.31% or $0.31 change from its current price. LEN is currently trading +8.84% above its 20-day SMA, +25.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +26.18% and SMA200 by+31.33%.
Stochastic %K and %D was 67.24% and 63.41% and the average true range (ATR) pointed at 2.45. The RSI (14) points at 66.18%, while the 14-day stochastic is at 76.93% with the period’s ATR at 2.50. The stock’s 9-day MACD Oscillator is pointing at -0.22 and 0.85 on the 14-day charts.
In the most recent analyst report for Lennar Corporation (NYSE: LEN), RBC Capital Mkts downgraded it to an Underperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for LEN stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LEN as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 11 have offered a “buy” rating.
What is LEN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $76.00 and a high of $152.00, with their median price target at $107.50. Looking at these predictions, the average price target given by analysts is for Lennar Corporation (LEN) stock is $107.61.