Lennar Corp. (LEN) concluded trading on Tuesday at a closing price of $148.72, with 5.98 million shares of worth about $889.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.38% during that period and on June 18, 2024 the price saw a loss of about -4.98%. Currently the company’s common shares owned by public are about 247.27M shares, out of which, 238.98M shares are available for trading.
Stock saw a price change of -2.31% in past 5 days and over the past one month there was a price change of -10.34%. Year-to-date (YTD), LEN shares are showing a performance of -0.21% which increased to 23.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $102.90 but also hit the highest price of $172.59 during that period. The average intraday trading volume for Lennar Corp. shares is 1.92 million. The stock is currently trading -5.18% below its 20-day simple moving average (SMA20), while that difference is down -5.62% for SMA50 and it goes to 4.56% higher than SMA200.
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Lennar Corp. (NYSE: LEN) currently have 247.27M outstanding shares and institutions hold larger chunk of about 82.62% of that.
The stock has a current market capitalization of $41.37B and its 3Y-monthly beta is at 1.60. PE ratio of stock for trailing 12 months is 10.11, while it has posted earnings per share of $14.71 in the same period. Its PEG reads 16.85 and has Quick Ratio of 0.91 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LEN, volatility over the week remained 3.22% while standing at 2.35% over the month.
Stock’s fiscal year EPS is expected to rise by 5.35% while it is estimated to increase by 11.55% in next year. EPS is likely to shrink at an annualized rate of 0.60% for next 5-years, compared to annual growth of 20.35% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on April 02, 2024 offering an Underperform rating for the stock and assigned a target price of $144 to it. Coverage by Jefferies stated Lennar Corp. (LEN) stock as a Hold in their note to investors on November 27, 2023, suggesting a price target of $117 for the stock. On October 17, 2023, Wells Fargo Initiated their recommendations, while on July 14, 2023, Raymond James Upgrade their ratings for the stock with a price target of $150. Stock get a Sell rating from Deutsche Bank on June 01, 2023.
