Lennar Corp. (NYSE: LEN) is 25.79% higher on its value in year-to-date trading and has touched a low of $102.90 and a high of $193.80 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 $187.03 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $187.48, the stock is 2.35% and 5.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 0.24% at the moment leaves the stock 16.50% off its SMA200. LEN registered 64.17% gain for a year compared to 6-month gain of 11.72%. The firm has a 50-day simple moving average (SMA 50) of $178.3464 and a 200-day simple moving average (SMA200) of $161.1589.
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The stock witnessed a 3.86% loss in the last 1 month and extending the period to 3 months gives it a 28.47%, and is 0.90% 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 1.73% over the week and 2.22% over the month.
Lennar Corp. (LEN) has around 12284 employees, a market worth around $51.48B and $36.52B in sales. Current P/E ratio is 12.42 and Fwd P/E is 11.71. Profit margin for the company is 11.40%. Distance from 52-week low is 82.20% and -3.26% from its 52-week high. The company has generated returns on investments over the last 12 months (14.03%).
with sales reaching $10.11B over the same period.The EPS is expected to grow by 4.99% this year, but quarterly earnings will post 4.20% year-over-year. Quarterly sales are estimated to shrink -7.80% in year-over-year returns.
Lennar Corp. (LEN) Top Institutional Holders
1375.0 institutions hold shares in Lennar Corp. (LEN), with institutional investors hold 97.40% of the company’s shares. The shares outstanding are 247.27M, and float is at 235.82M with Short Float at 2.23%. Institutions hold 94.87% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.7 million shares valued at $4.0 billion. The investor’s holdings represent 9.7551% of the LEN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 24.35 million shares valued at $3.65 billion to account for 8.896 of the shares outstanding. The other top investors are FMR LLC which holds 11.42 million shares representing 4.1711% and valued at over $1.71 billion, while STATE STREET CORP holds 4.0988 of the shares totaling 11.22 million with a market value of $1.68 billion.
Lennar Corp. (LEN) Insider Activity
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Lennar Corp. disclosed in a document filed with the SEC on May 20 ’24 that SUSTANA MARK (VP/General Counsel/Secretary) sold a total of 9,176 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $164.88 per share for $1.51 million. Following the transaction, the insider now directly holds 16768.0 shares of the LEN stock.
Still, SEC filings show that on May 15 ’24, McCall Jeffrey Joseph (Executive Vice President) disposed off 10,000 shares at an average price of $170.11 for $1.7 million. The insider now directly holds 118,629 shares of Lennar Corp. (LEN).
