Lennar Corp. (LEN) concluded trading on Thursday at a closing price of $155.83, with 3.96 million shares of worth about $617.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.18% during that period and on July 11, 2024 the price saw a gain of about 6.94%. Currently the company’s common shares owned by public are about 247.27M shares, out of which, 235.89M shares are available for trading.
Stock saw a price change of 8.76% in past 5 days and over the past one month there was a price change of 0.26%. Year-to-date (YTD), LEN shares are showing a performance of 4.56% which increased to 24.75% 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 2.09 million. The stock is currently trading 4.67% above its 20-day simple moving average (SMA20), while that difference is up 0.61% for SMA50 and it goes to 7.86% higher than SMA200.
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Lennar Corp. (NYSE: LEN) currently have 247.27M outstanding shares and institutions hold larger chunk of about 82.94% of that.
The stock has a current market capitalization of $42.79B and its 3Y-monthly beta is at 1.58. PE ratio of stock for trailing 12 months is 10.59, while it has posted earnings per share of $14.71 in the same period. Its PEG reads 1.10 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.14. 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 2.74% while standing at 2.54% over the month.
Stock’s fiscal year EPS is expected to rise by 4.09% while it is estimated to increase by 12.11% in next year. EPS is likely to shrink at an annualized rate of 9.60% 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 July 09, 2024 offering a Neutral rating for the stock and assigned a target price of $144 to it. On July 02, 2024, Citigroup Downgrade their recommendations, while on April 02, 2024, Wedbush Downgrade their ratings for the stock with a price target of $144. Stock get a Hold rating from Jefferies on November 27, 2023.
