Free Trial
NYSE:LEN.B

Lennar (LEN.B) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$138.94
$141.29
50-Day Range
$56.85
$68.72
52-Week Range
$18.87
$63.50
Volume
15,673 shs
Average Volume
29,497 shs
Market Capitalization
$39.17 billion
P/E Ratio
9.86
Dividend Yield
1.42%
Price Target
N/A
LEN.B stock logo

About Lennar Stock (NYSE:LEN.B)

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land. It primarily sells single-family attached and detached homes in communities targeted to first-time, move-up, active adult, and luxury homebuyers. The company also offers residential mortgage financing, title insurance, and closing services for home buyers and others. In addition, it involves in the fund investment activity; and originates and sells into securitizations commercial mortgage loans. Further, the company develops, constructs, and manages multifamily rental properties. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

LEN.B Stock News Headlines

Lennar Corp. Cl A
Lennar launches townhome sales in beach city
Latest News for Lennar Stock (NYSE:LEN)
Lennar (LEN) Q1 2024 Earnings Call Transcript
KBW Sticks to Their Buy Rating for Lennar (LEN)
Lennar: Q1 Earnings Insights
Lennar Corp. Announces Increase In Q1 Profit, Beats estimates
4 stocks to watch on Wednesday: TSLA, S and more
LEN Mar 2024 134.000 put
LEN Mar 2024 167.500 call
See More Headlines
Receive LEN.B Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Lennar and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
3/13/2024
Ex-Dividend for 5/8 Dividend
4/23/2024
Dividend Payable
5/08/2024
Today
6/09/2024
Next Earnings (Confirmed)
6/17/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
General building contractors - residential buildings
Sub-Industry
N/A
Current Symbol
NYSE:LEN.B
CIK
N/A
Employees
9,495
Year Founded
N/A

Profitability

Net Income
$3.94 billion
Pretax Margin
15.26%

Debt

Sales & Book Value

Annual Sales
$34.23 billion
Cash Flow
$14.92 per share
Book Value
$95.04 per share

Miscellaneous

Free Float
236,732,000
Market Cap
$39.17 billion
Optionable
Not Optionable
Beta
1.54
7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Key Executives

  • Mr. Stuart A. Miller (Age 63)
    Exec. Chairman
    Comp: $12.27M
  • Mr. Jonathan M. Jaffe (Age 61)
    Co-CEO, Co-Pres & Director
    Comp: $9.31M
  • Mr. Richard Beckwitt (Age 62)
    Co-CEO, Co-Pres & Director
    Comp: $10.54M
  • Ms. Diane J. Bessette (Age 60)
    VP, CFO & Treasurer
    Comp: $2.77M
  • Mr. Mark Sustana Esq. (Age 59)
    VP, Gen. Counsel & Sec.
    Comp: $1.38M
  • Mr. Jeffrey J. McCall (Age 50)
    Exec. VP
    Comp: $2.76M
  • Mr. Fred B. Rothman
    Chief Operating Officer
  • Ms. Allison L. Bober
    Sr. Mang. of Investor Relations
  • Ms. Kay L. Howard
    Chief Marketing & Communications Officer
  • Tench Tilghman
    Pres of Pennsylvania & Delaware Markets

Should I Buy Lennar Stock? LEN.B Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Lennar Co.:

  • Lennar Co. has shown consistent revenue growth over the past year, indicating a strong financial performance.
  • The company's stock price has been steadily increasing, reflecting positive investor sentiment and potential for capital appreciation.
  • Lennar Co. recently announced strategic partnerships with key industry players, enhancing its market position and growth prospects.
  • With a diversified product portfolio and geographic presence, Lennar Co. is well-positioned to capitalize on various market opportunities.
  • The company's strong balance sheet and cash reserves provide financial stability and support for future expansion initiatives.

Cons

Investors should be bearish about investing in Lennar Co. for these reasons:

  • Market volatility and economic uncertainties could impact Lennar Co.'s performance and stock price in the short term.
  • Regulatory changes in the real estate sector may pose challenges for Lennar Co.'s operations and profitability.
  • Increased competition in the housing market could pressure margins and limit Lennar Co.'s growth potential.
  • Interest rate hikes by central banks may affect mortgage rates, impacting the demand for Lennar Co.'s residential properties.
  • Global supply chain disruptions could lead to delays in construction projects, affecting Lennar Co.'s revenue streams.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these Lennar pros and cons to contact@marketbeat.com.

LEN.B Stock Analysis - Frequently Asked Questions

When is Lennar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, June 17th 2024.
View our LEN.B earnings forecast
.

How can I listen to Lennar's earnings call?

Lennar will be holding an earnings conference call on Tuesday, June 18th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Lennar's earnings last quarter?

Lennar Co. (NYSE:LEN.B) announced its earnings results on Wednesday, March, 13th. The construction company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.37. The construction company had revenue of $7.31 billion for the quarter. Lennar had a net margin of 11.59% and a trailing twelve-month return on equity of 15.90%. During the same period in the prior year, the business earned $2.06 earnings per share.

How often does Lennar pay dividends? What is the dividend yield for Lennar?

Lennar announced a quarterly dividend on Wednesday, April 10th. Investors of record on Wednesday, April 24th will be given a dividend of $0.50 per share on Wednesday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, April 23rd.
Read our dividend analysis for LEN.B
.

Is Lennar a good dividend stock?

Lennar (NYSE:LEN.B) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.42%. The dividend payout ratio is 14.02%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for LEN.B.

What ETFs hold Lennar's stock?
This page (NYSE:LEN.B) was last updated on 6/10/2024 by MarketBeat.com Staff

From Our Partners