As of Friday close, Lennar Corporation’s (NYSE:LEN) stock was up $0.37, moving up 0.33 percent to $113.50. The average number of shares traded per day over the past five days has been 2,586,180 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.26 fall in that time frame. In the last twenty days, the average volume was 2,490,110, while in the previous 50 days, it was 2,160,802.
Since last month, LEN stock retreated -3.13%. Shares of the company fell to $110.00 on 09/15/23, 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 25.41% or $23.00, and marked a new high 29 times. However, the stock has declined by -14.82% since its 52-week high.
LEN stock investors should be aware that Lennar Corporation (LEN) stock had its last reported insider trading activity 37 days ago on Aug 17. Banse Amy, the Director of the company, purchased of 859 shares for $117.65 on Aug 17. It resulted in a $101,061 investment by the insider. Banse Amy added 820 shares at an average price of $123.06 on Aug 15. The insider now owns 8,113 shares following the transaction. On Jul 21, Director Banse Amy bought 790 shares at $126.42 apiece. The transaction was valued at $99,872.
Valuation Metrics
Right now, Lennar Corporation (LEN) has a P/E ratio of about 7.73. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 1.10, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 7.77 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 August 30 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 August 30, 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 August 30, 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 $3.51 quarterly earnings, the actual figure was $3.87 per share, beating the consensus estimate by 10.30%. 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 August 30, and its total debt was $4.65 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 26.74%, the RSI 9-day stood at 38.19% on 22 September.
With respect to its five-day moving average, the current Lennar Corporation price is down by -1.10% percent or -$1.26. At present, LEN shares trade -2.06% below its 20-day simple moving average and +0.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately -12.75% below its SMA50 and +29.94% above its SMA200.
Stochastic coefficient K was 38.08% and Stochastic coefficient D was 49.16%, while ATR was 3.38. Given the Stochastic reading of 30.38% for the 14-day period, the RSI (14) reading has been calculated as 40.41%. As of today, the MACD Oscillator reading stands at -1.44, while the 14-day reading stands at -2.09.
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 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Lennar Corporation stock as buy, with 12 recommending it as overweight.
With a median target price of $143.00, the current consensus forecast for the stock is $112.00 – $164.00. Based on these forecasts, analysts predict Lennar Corporation (LEN) will achieve an average price target of $141.68.
