A new trading day began on Friday, with Lennar Corp. (NYSE: LEN) stock price up 3.51% from the previous day of trading, before settling in for the closing price of $178.74. LEN’s price has ranged from $102.90 to $182.53 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 11.17%. Meanwhile, its annual earnings per share averaged 4.52%. With a float of $235.82 million, this company’s outstanding shares have now reached $247.27 million.
Let’s determine the extent of company efficiency that accounts for 12284 employees. In terms of profitability, gross margin is 46.92%, operating margin of 15.45%, and the pretax margin is 15.24%.
Lennar Corp. (LEN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Residential Construction Industry. The insider ownership of Lennar Corp. is 14.22%, while institutional ownership is 85.09%. The most recent insider transaction that took place on Aug 23 ’24, was worth 1,809,700. Before that another transaction happened on May 20 ’24, when Company’s VP/General Counsel/Secretary sold 9,176 for $164.88, making the entire transaction worth $1,512,939. This insider now owns 16,768 shares in total.
Lennar Corp. (LEN) Earnings and Forecasts
In its latest quarterly report, released on 5/31/2024, the company reported earnings of 3.87 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.60% during the next five years compared to 20.35% growth over the previous five years of trading.
Lennar Corp. (NYSE: LEN) Trading Performance Indicators
Here are Lennar Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.42. Likewise, its price to free cash flow for the trailing twelve months is 12.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 14.71, a number that is poised to hit 3.64 in the next quarter and is forecasted to reach 16.13 in one year’s time.
Technical Analysis of Lennar Corp. (LEN)
Looking closely at Lennar Corp. (NYSE: LEN), its last 5-days average volume was 1.68 million, which is a drop from its year-to-date volume of 2.12 million. As of the previous 9 days, the stock’s Stochastic %D was 90.81%. Additionally, its Average True Range was 4.98.
During the past 100 days, Lennar Corp.’s (LEN) raw stochastic average was set at 98.53%, which indicates a significant increase from 96.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.07% in the past 14 days, which was lower than the 31.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $163.22, while its 200-day Moving Average is $154.37. However, in the short run, Lennar Corp.’s stock first resistance to watch stands at $187.14. Second resistance stands at $189.26. The third major resistance level sits at $192.84. If the price goes on to break the first support level at $181.44, it is likely to go to the next support level at $177.86. Should the price break the second support level, the third support level stands at $175.74.
Lennar Corp. (NYSE: LEN) Key Stats
With a market capitalization of 50.81 billion, the company has a total of 274,604K Shares Outstanding. Currently, annual sales are 34,233 M while annual income is 3,939 M. The company’s previous quarter sales were 8,766 M while its latest quarter income was 954,310 K.
