Lennar Corporation (LEN)

NYSE
Currency in USD
123.84
+0.11(+0.09%)
Closed
Pre Market
123.20-0.64(-0.52%)
LEN Scorecard
Full Analysis
Management has been aggressively buying back shares
Fair Value
Day's Range
123.58126.75
52 wk Range
119.25186.23
Key Statistics
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Prev. Close
123.84
Open
124.43
Day's Range
123.58-126.75
52 wk Range
119.25-186.23
Volume
1.97M
Average Volume (3m)
3.1M
1-Year Change
-14.21%
Book Value / Share
102.75
Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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Fair Pricepro lock
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Price Target
154.58
Upside
+24.82%
Members' Sentiments
Bearish
Bullish
ProTips
Holds more cash than debt on its balance sheet
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Lennar Company Profile

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. The company was founded in 1954 and is based in Miami, Florida.

Lennar Corporation SWOT Analysis


Asset-Light Shift
Lennar's strategic transition to an asset-light model aims to boost cash flow and returns, potentially leading to higher profitability and operational efficiency
Millrose Spin-off
Explore the implications of Lennar's $7 billion spin-off of Millrose Properties, structured as a REIT, and its potential impact on shareholder value
Market Dynamics
Delve into Lennar's position in the homebuilding industry, focusing on its "everything's included" model and market share gains amid challenging economic conditions
Financial Outlook
Analyst price targets range from $160 to $237, reflecting varied perspectives on Lennar's profitability and growth potential in a fluctuating housing market
Read full SWOT analysis

Lennar Corporation Earnings Call Summary for Q3/2024

  • Lennar reported 8% YoY increase in home starts, 16% rise in deliveries; projects 10% growth in 2024 deliveries to 80,500-81,000 homes
  • Transition to land-light model improves inventory turnover; $4.9B debt paid, 50M shares repurchased for $5.7B since 2020
  • Q4 2024 projections: 22,500-23,000 closings; plans $2B+ stock repurchase; aims for 10% steady state growth rate
  • Spin-off of Millrose Properties as REIT to reduce inventory, enhance ROE; involves $6-8B in land and cash
  • Q3 gross margin 22.5%, lower than expected; sales incentives over 10% due to high rates; construction costs down 6% YoY
Last Updated: 21-09-2024, 03:38 am
Read Full Transcript

Compare LEN to Peers and Sector

Metrics to compare
LEN
Peers
Sector
Relationship
P/E Ratio
8.4x10.1x10.8x
PEG Ratio
1.99−0.340.02
Price/Book
1.2x1.3x1.4x
Price / LTM Sales
0.9x0.4x0.9x
Upside (Analyst Target)
22.7%20.4%22.1%
Fair Value Upside
Unlock16.8%9.7%Unlock

Analyst Ratings

8 Buy
13 Hold
0 Sell
Ratings:
21 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 154.58
(+24.82% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 14.31
Dividend Yield
1.61%
Industry Median 1.48%
Annualised payout
2.00
Paid quarterly
5-Years Growth
+65.72%
Growth Streak

Earnings

Latest Release
Dec 18, 2024
EPS / Forecast
4.06 / 4.20
Revenue / Forecast
9.95B / 10.06B
EPS Revisions
Last 90 days

FAQ

What Is the Lennar (LEN) Stock Price Today?

The Lennar stock price today is 123.84.

What Stock Exchange Does Lennar Trade On?

Lennar is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Lennar?

The stock symbol for Lennar is "LEN."

Does Lennar Pay Dividends? What’s The Current Dividend Yield?

The Lennar dividend yield is 1.61%.

What Is the Lennar Market Cap?

As of today, Lennar market cap is 32.77B.

What is Lennar Earnings Per Share?

The Lennar EPS is 14.31.

What Is the Next Lennar Earnings Date?

Lennar will release its next earnings report on 11 Mar 2025.

From a Technical Analysis Perspective, Is LEN a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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