The price of Lennar Corp. (NYSE:LEN) shares last traded on Wall Street fell -7.64% to $152.86.
LEN stock price is now -0.45% away from the 50-day moving average and 17.78% away from the 200-day moving average. The market capitalization of the company currently stands at $42.64B.
With the price target of $117, Jefferies recently initiated with Hold rating for Lennar Corp. (NYSE: LEN). On October 17, 2023, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $123, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, BESSETTE DIANE J, VP/CFO/Treasurer sold 10,000 shares of the company’s stock on Dec 26 ’23. The stock was sold for $1,477,300 at an average price of $147.73. Upon completion of the transaction, the VP/CFO/Treasurer now directly owns 260,556 shares in the company, valued at $39.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 21 ’23, VP/General Counsel/Secretary SUSTANA MARK sold 37,304 shares of the business’s stock. A total of $5,460,560 was realized by selling the stock at an average price of $146.38. This leaves the insider owning 18,694 shares of the company worth $2.86 million. A total of 14.07% of the company’s stock is owned by insiders.
During the past 12 months, Lennar Corp. has had a low of $98.56 and a high of $167.49. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 5.47, and a quick ratio of 1.27. According to the stock market information, the enterprise value for the company is $40.65B, which is based on a 10.71 price-to-earnings ratio, a 17.85 price-to-earnings-growth ratio, and a beta of 1.52. The fifty day moving average price for LEN is $153.66 and a two-hundred day moving average price translates $130.01 for the stock.
The latest earnings results from Lennar Corp. (NYSE: LEN) was released for Feb, 2024. According to the Residential Construction Company, earnings per share came in at $2.57, beating analysts’ expectations of $2.2 by 0.37. This compares to $4.63 EPS in the same period last year. The net profit margin was 11.44% and return on equity was 15.74% for LEN. The company reported revenue of $10.97 billion for the quarter, compared to $10.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.8 percent. For the current quarter, analysts expect LEN to generate $8.38B in revenue.
