The stock of Lennar Corporation (NYSE:LEN) increased by $2.52 on Tuesday to finish at $116.57, up 2.21 percent. The last five days have seen an average of 2,396,060 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $26.07. The average number of shares traded over the last 20 days was 2,015,710, while the average volume over the last 50 days totaled 2,077,944.
LEN stock dropped -8.09% since last month. On 08/25/23, the company’s shares reached a one-month low of $112.18. The stock touched a high of $133.24 on 07/14/23, after rallying from a low of $69.90 in 52 weeks. The price of LEN stock has risen by 28.81% or $26.07 this year, reaching a new high 29 times. Still, the stock price is down -12.51% 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 13 days ago on Aug 17. On Aug 17, Director Banse Amy acquired 859 shares at $117.65 each. This transaction resulted in the insider spending $101,061. On Aug 15, Banse Amy added 820 shares at a price of US$123.06. After the transaction, the insider now owns 8,113 shares. Director Banse Amy had earlier bought 790 shares on Jul 21 for $126.42 a share. The transaction was completed for $99,872.
Valuation Metrics
Lennar Corporation (LEN) has a trailing price-to-earnings (P/E) ratio of 7.94. Beta for the stock is 1.49. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.12, the price-to-book (PB) ratio of 1.33, and the price-to-cash flow ratio of 7.91.
Company paid $0.3750 per share in dividends, remained unchanged from $0.3750 last year. A $0.1250 dividend increase was reported on Wednesday January 12 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending May 30 is 0.15, and the total debt to equity ratio is 0.20. As far as profitability goes, gross margin for the trailing twelve months is 19.60% percent. Lennar Corporation’s EBITDA margin for the year ended May 30 was 20.31%, whereas its operating margin stood at 16.40% for the same period. Based on annual data, it had gross profit of $7.2 billion and revenue of $33.67 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LEN’s return on assets (ROA) during the last 12 months has been 11.50%. There was a 15.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.40%.
Earnings Surprise
According to Lennar Corporation’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.05 billion, while revenues fell by -3.9% to $6.49 billion. It was predicted that Lennar Corporation’s quarterly earnings would be $3.01, but it ended up being $2.32, beating the consensus by 29.70%. EBITDA was $1.23 billion for the quarter. At the end of Lennar Corporation’s most recent quarter ended May 30, its liabilities totaled 11.7 billion, while its total debt was $5.17 billion. Equity owned by shareholders amounts to $287.42 million.
Technical Picture
Here’s a quick look at Lennar Corporation’s (LEN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 39.66%, suggesting the stock is Neutral, with a 28.29% historical volatility rate.
The stochastic %K and %D were 17.69% and 14.69% respectively, while the average true range (ATR) was 2.97. Based on the 14-day stochastic reading of 28.73%, the RSI (14) reading is 40.04%. On the 9-day MACD Oscillator, the stock is at -1.13, and the 14-day reading is at -3.92.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on Lennar Corporation (NYSE: LEN) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned Lennar Corporation (LEN) an Overweight rating. LEN is a stock that is recommended for selling by 2 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.
What is LEN’s price target for the next 12 months?
The current consensus forecast for the stock is between $111.00 and $161.00, with a median target price of $140.50. In analyzing these forecasts, the average price target given by analysts for Lennar Corporation (LEN) is $138.10.
