Lennar Corp. (NYSE:LEN) saw a downside of -1.00% to close Tuesday at $111.94 after subtracting -$1.13 on the day. The 5-day average trading volume is 2,295,860 shares of the company’s common stock. It has gained $119.42 in the past week and touched a new high 1 time within the past 5 days. An average of 2,476,815 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,157,680.
LEN’s 1-month performance is -1.84% or -$2.10 on its low of $110.00 reached on 09/15/23. The company’s shares have touched a 52-week low of $69.90 and high of $133.24, with the stock’s rally to the 52-week high happening on 07/14/23. YTD, LEN has achieved 23.69% or $21.44 and has reached a new high 29 times. However, the current price is down -15.99% from the 52-week high price.
Insider Transactions
LEN stock investors last saw insider trading activity on Aug 17.McCall Jeffrey Joseph (Executive Vice President) most recently sold 10,000 shares at $126.48 per share on Jul 20. This transaction cost the insider $1,264,800. VP/CFO/Treasurer, BESSETTE DIANE J, sold 10,790 shares at a price of $121.46 on Jun 22. Then, on May 15, Executive Vice President McCall Jeffrey Joseph sold 10,000 shares at a price of $113.20 per share. This transaction amounted to $1,132,050.
Valuation Metrics
LEN stock has a beta of 1.48. 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 1.29, with the price to cash flow ratio at 6.46.
Lennar Corp.’s quick ratio for the period ended August 30 was 1.18, with the current ratio over the same period at 6.66. As well, the company’s long term debt to equity for the quarter ending August 30 was 0.13, while the total debt to equity was 0.13.. In terms of profitability, the gross margin trailing 12 months is 24.06%. The trailing 12-month EBITDA margin is 20.31% while for the period ending August 30, Lennar Corp.’s operating margin was 16.07%. The firm’s gross profit as reported stood at $7.2 billion against revenue of $33.67 billion.
Earnings Surprise
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 shrunk -51.52% to $871.69 million, while revenue of $596.53 million was 31.57% off the previous quarter. Analysts expected LEN to announce $3.51 per share in earnings in its latest quarter, but it posted $3.87, representing a 10.30% surprise. EBITDA for the quarter stood at more than $1.23 billion. LEN stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 11.7 billion, with total debt at $4.65 billion. Shareholders hold equity totaling $287.42 million.
Let’s look briefly at Lennar Corp. (LEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 33.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.36%.
The stock’s 5-day moving average is $113.63, reflecting a -4.56% or -$5.35 change from its current price. LEN is currently trading -1.85% above its 20-day SMA, -1.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.15% and SMA200 by+25.78%.
Stochastic %K and %D was 24.62% and 30.26% and the average true range (ATR) pointed at 3.01. The RSI (14) points at 37.56%, while the 14-day stochastic is at 16.84% with the period’s ATR at 3.05. The stock’s 9-day MACD Oscillator is pointing at -2.16 and -3.16 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lennar Corp. (NYSE: LEN), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for LEN stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate LEN as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 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 $112.00 and a high of $164.00, with their median price target at $145.00. Looking at these predictions, the average price target given by analysts is for Lennar Corp. (LEN) stock is $142.29.
