Stocks of Lennar Corp (NYSE:LEN) traded higher last session on Wall Street, up 1.53% to $140.69.
LEN stock price is now -9.64% away from the 50-day moving average and -14.48% away from the 200-day moving average. The market capitalization of the company currently stands at $37.95B.
With the price target maintained at $130, RBC Capital Mkts recently Upgraded its rating from Underperform to Sector Perform for Lennar Corp (NYSE: LEN). , while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, SONNENFELD JEFFREY, Director sold 17,500 shares of the company’s stock on Oct 28 ’24. The stock was sold for $3,064,775 at an average price of $175.13. Upon completion of the transaction, the Director now directly owns 23,689 shares in the company, valued at $3.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Director JEFFREY SONNENFELD bought 17,500 shares of the business’s stock. A total of $3,064,784 was incurred on buying the stock at an average price of $175.13. A total of 14.09% of the company’s stock is owned by insiders.
During the past 12 months, Lennar Corp has had a low of $128.41 and a high of $193.80. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 4.71, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $36693458944, which is based on a 9.81 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for LEN is $155.702 and a two-hundred day moving average price translates $164.50475 for the stock.
The latest earnings results from Lennar Corp (NYSE: LEN) was released for 2024-08-31. The net profit margin was 11.03% and return on equity was 14.34% for LEN. The company reported revenue of $9.42 billion for the quarter, compared to $8.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.86 percent.
