Lennar (LEN) Stock Price, News & Analysis

Company Overview

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; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title, insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

Key Stats

• Today's Range: $136.57 to $139.89
• 50-Day Range: $138.08 to $188.93
• 52-Week Range: $135.21 to $193.80
• Volume: 9.06 million shs
• Average Volume: 2.11 million shs
• Market Capitalization: $37.45 billion
• P/E Ratio: 9.14
• Dividend Yield: 1.45%
• Price Target: $175.94
• Consensus Rating: Hold

Lennar Stock Analysis - MarketRank™

Lennar scored higher than 99% of companies evaluated by MarketBeat, and ranked 3rd out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

Lennar has received a consensus rating of Hold. The company's average rating score is 2.21, and is based on 6 buy ratings, 11 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Lennar has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.68%

Earnings Growth

Earnings for Lennar are expected to grow by 13.68% in the coming year, from $14.11 to $16.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lennar is 9.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.40.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lennar is 9.14, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 27.83.

Price to Earnings Growth Ratio

Lennar has a PEG Ratio of 1.31. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Lennar has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.50% of the float of Lennar has been sold short.

Short Interest Ratio / Days to Cover

Lennar has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lennar has recently decreased by 7.75%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Lennar pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Lennar does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Lennar is 13.95%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Lennar will have a dividend payout ratio of 12.47% next year. This indicates that Lennar will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -1.81

Percentage of Shares Shorted

2.50% of the float of Lennar has been sold short.

Short Interest Ratio / Days to Cover

Lennar has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lennar has recently decreased by 7.75%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.03

News Sentiment

Lennar has a news sentiment score of -0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 68 news articles for Lennar this week, compared to 16 articles on an average week.

Search Interest

24 people have searched for LEN on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.

MarketBeat Follows

11 people have added Lennar to their MarketBeat watchlist in the last 30 days. This is an increase of 57% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Lennar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,064,775.00 in company stock.

Percentage Held by Insiders

Only 9.36% of the stock of Lennar is held by insiders.

Percentage Held by Institutions

81.10% of the stock of Lennar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LEN Stock Analysis - Frequently Asked Questions

How have LEN shares performed this year?

Lennar's stock was trading at $149.04 at the start of the year. Since then, LEN shares have decreased by 7.4% and is now trading at $138.08.
View the best growth stocks for 2024 here.

How were Lennar's earnings last quarter?

Lennar Co. (NYSE:LEN) announced its quarterly earnings results on Wednesday, December, 18th. The construction company reported $4.03 EPS for the quarter, missing the consensus estimate of $4.15 by $0.12. The firm's revenue was down 9.3% on a year-over-year basis.
Read the conference call transcript.

Does Lennar have any subsidiaries?

Lennar subsidiaries include these companies: CalAtlantic Group, WCI Communities, 360 Developers LLC, Alliance Financial Services Inc., Ann Arundel Farms Ltd., Aquaterra Utilities Inc., Arbor Mill Veteran Project 2018 LLC, and more.

Who are Lennar's major shareholders?

Top institutional investors of Lennar include The Manufacturers Life Insurance Company (2.18%), Wellington Management Group LLP (1.00%), Pacer Advisors Inc. (0.99%) and Smead Capital Management Inc. (0.98%). Insiders that own company stock include Diane J Bessette, Jeffrey Joseph McCall, David M Collins, Jeffrey Sonnenfeld and Mark Sustana.
View institutional ownership trends.

How do I buy shares of Lennar?

Shares of LEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Lennar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lennar investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Salesforce (CRM), Broadcom (AVGO), Netflix (NFLX) and Adobe (ADBE).

Company Calendar

• Ex-Dividend for 10/24 Dividend: 10/09/2024
• Dividend Payable: 10/24/2024
• Last Earnings: 12/18/2024
• Today: 12/22/2024
• Fiscal Year End: 11/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: General building contractors - residential buildings
• Sub-Industry: Homebuilding
• Current Symbol: NYSE:LEN
• CUSIP: 52605710
• CIK: 920760
• Web: www.lennar.com
• Phone: (305) 559-4000
• Fax: 305-226-4158
• Employees: 12,284
• Year Founded: 1954

Price Target and Rating

• Average Stock Price Target: $175.94
• High Stock Price Target: $236.00
• Low Stock Price Target: $122.00
• Potential Upside/Downside: +27.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.21
• Research Coverage: 19 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $14.34
• Trailing P/E Ratio: 9.14
• Forward P/E Ratio: 9.79
• P/E Growth: 1.31
• Net Income: $3.94 billion
• Net Margins: 11.51%
• Pretax Margin: 15.11%
• Return on Equity: 15.47%
• Return on Assets: 10.68%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 4.90
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: $35.44 billion
• Price / Sales: 1.06
• Cash Flow: $13.04 per share
• Price / Cash Flow: 10.59
• Book Value: $95.04 per share
• Price / Book: 1.45

Miscellaneous

• Outstanding Shares: 271,245,000
• Free Float: 245,856,000
• Market Cap: $37.45 billion
• Optionable: Optionable
• Beta: 1.61