Lennar Corporation (NYSE: LEN) is 9.49% higher on its value in year-to-date trading and has touched a low of $62.54 and a high of $101.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LEN stock was last observed hovering at around $97.53 in the last trading session, with the day’s gains setting it 1.56% off its average median price target of $107.50 for the next 12 months. It is also 34.81% off the consensus price target high of $152.00 offered by 22 analysts, but current levels are -30.38% lower than the price target low of $76.00 for the same period.
Currently trading at $99.09, the stock is 4.76% and 9.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing 1.60% at the moment leaves the stock 22.30% off its SMA200. LEN registered 3.97% gain for a year compared to 6-month gain of 21.42%.
The stock witnessed a 9.41% loss in the last 1 month and extending the period to 3 months gives it a 34.94%, and is 0.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.75% over the week and 2.33% over the month.
Lennar Corporation (LEN) has around 10753 employees, a market worth around $27.95B and $29.20B in sales. Current P/E ratio is 8.36 and Fwd P/E is 9.86. Profit margin for the company is 11.90%. Distance from 52-week low is 58.44% and -2.15% from its 52-week high. The company has generated returns on investments over the last 12 months (16.40%).
Lennar Corporation (LEN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Lennar Corporation (LEN) is a “Overweight”. 22 analysts offering their recommendations for the stock have an average rating of 2.30, where 7 rate it as a Hold and 3 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Lennar Corporation is expected to release its quarterly report on 03/15/2023.The EPS is expected to grow by 81.30% this year.
Lennar Corporation (LEN) Top Institutional Holders
The shares outstanding are 288.11M, and float is at 263.86M with Short Float at 3.72%.
Lennar Corporation (LEN) Insider Activity
A total of 8 insider transactions have happened at Lennar Corporation (LEN) in the last six months, with sales accounting for 1 and purchases happening 7 times. The most recent transaction is an insider sale by Collins David M,the company’sVP & Controller. SEC filings show that Collins David M sold 15,000 shares of the company’s common stock on Jul 21 at a price of $82.00 per share for a total of $1.23 million. Following the sale, the insider now owns 41382.0 shares.
Lennar Corporation disclosed in a document filed with the SEC on May 11 that SUSTANA MARK (VP/General Counsel/Secretary) sold a total of 22,000 shares of the company’s common stock. The trade occurred on May 11 and was made at $71.69 per share for $1.58 million. Following the transaction, the insider now directly holds 46279.0 shares of the LEN stock.
Lennar Corporation (LEN): Who are the competitors?
The company’s main competitors (and peers) include D.R. Horton Inc. (DHI) that is trading 10.39% up over the past 12 months and Lennar Corporation (LEN) that is 3.97% higher over the same period.