At the last check on Thursday, Lennar Corporation’s (NYSE:LEN) stock was down -$3.45, moving down -2.81 percent to $119.22. The average number of shares traded per day over the past five days has been 1,799,583 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.78 fall in that time frame. In the last twenty days, the average volume was 1,731,301, while in the previous 50 days, it was 2,283,930.
Since last month, LEN stock retreated -8.82%. Shares of the company fell to $118.97 on 08/17/23, the lowest level in the past month. A 52-week high of $133.24 was reached on 07/14/23 after having rallying from a 52-week low of $69.90. Since the beginning of this year, LEN’s stock price has risen by 31.73% or $29.10, and marked a new high 29 times. However, the stock has declined by -10.52% since its 52-week high.
LEN stock investors should be aware that Lennar Corporation (LEN) stock had its last reported insider trading activity 2 days ago on Aug 15. Banse Amy, the Director of the company, purchased of 820 shares for $123.06 on Aug 15. It resulted in a $100,909 investment by the insider. Banse Amy added 790 shares at an average price of $126.42 on Jul 21. The insider now owns 7,293 shares following the transaction. On Jul 20, Executive Vice President McCall Jeffrey Joseph sold 10,000 shares at $126.48 apiece. The transaction was valued at $1,264,800.
Valuation Metrics
Right now, Lennar Corporation (LEN) has a P/E ratio of about 8.12. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 1.36, and the price-to-cash flow ratio of 7.98 may also be considered.
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 May 31 was 0.15, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 19.60% percent. In the year ended May 31, EBITDA margin amounted to 20.31%, whereas operating margins totaled 16.40%. Based on annual data, LEN earned $7.2 billion in gross profit and brought in $33.67 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.30%. Return on equity (ROE) for the past 12 months was 17.40%.
In Lennar Corporation’s quarter-end financial report for May 31, it reported total debt of $5.03 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LEN’s revenue fell -3.9% to $6.49 billion during the quarter, while net income inched up to $8.05 billion. While analysts expected Lennar Corporation to report $2.32 quarterly earnings, the actual figure was $3.01 per share, beating the consensus estimate by 29.70%. During the quarter, the company generated $1.23 billion in EBITDA. The liabilities of Lennar Corporation were 11.7 billion at the end of its most recent quarter ended May 31, and its total debt was $5.17 billion. The value of shareholders’ equity is $287.42 million.
Technical Picture
This quick technical analysis looks at Lennar Corporation’s (LEN) price momentum. With a historical volatility rate of 23.84%, the RSI 9-day stood at 32.81% on 16 August.
With respect to its five-day moving average, the current Lennar Corporation price is down by -3.06% percent or -$3.78. At present, LEN shares trade -5.20% below its 20-day simple moving average and +15.28% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.10% above its SMA50 and +45.78% above its SMA200.
Stochastic coefficient K was 30.09% and Stochastic coefficient D was 36.94%, while ATR was 3.14. Given the Stochastic reading of 6.55% for the 14-day period, the RSI (14) reading has been calculated as 38.78%. As of today, the MACD Oscillator reading stands at -1.53, while the 14-day reading stands at -1.94.
Analyst Ratings
Raymond James upgraded its rating on Lennar Corporation (NYSE: LEN) to an Outperform in a note to investors on July 14, 2023. The analysts firm previously had a Mkt perform rating on the stock.Lennar Corporation (LEN) has been rated Overweight by analysts. According to 2 brokerage firms, LEN is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Lennar Corporation stock as buy, with 12 recommending it as overweight.
With a median target price of $140.50, the current consensus forecast for the stock is $111.00 – $161.00. Based on these forecasts, analysts predict Lennar Corporation (LEN) will achieve an average price target of $138.10.
