Lennar Corp (NYSE: LEN) is 16.39% higher on its value in year-to-date trading and has touched a low of $125.17 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 $174.39 in the last trading session, with the day’s loss setting it -0.92%.
Currently trading at $173.47, the stock is 1.38% and -1.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing -0.53% at the moment leaves the stock 4.04% off its SMA200. LEN registered 35.61% gain for a year compared to 6-month gain of 7.94%. The firm has a 50-day simple moving average (SMA 50) of $176.9206 and a 200-day simple moving average (SMA200) of $166.6444.
The stock witnessed a 1.86% loss in the last 1 month and extending the period to 3 months gives it a -2.75%, and is 2.54% 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 2.56% over the week and 2.27% over the month.
Lennar Corp (LEN) has around 12284 employees, a market worth around $46.82B and $36.49B in sales. Current P/E ratio is 11.49 and Fwd P/E is 10.85. Profit margin for the company is 11.38%. Distance from 52-week low is 38.59% and -10.49% from its 52-week high. The company has generated returns on investments over the last 12 months (13.22%).
The EPS is expected to grow by 5.03% this year.
Lennar Corp (LEN) Top Institutional Holders
1438.0 institutions hold shares in Lennar Corp (LEN), with institutional investors hold 96.20% of the company’s shares. The shares outstanding are 238.81M, and float is at 233.04M with Short Float at 2.71%. Institutions hold 93.72% 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
The most recent transaction is an insider sale by SONNENFELD JEFFREY, the company’s Director. SEC filings show that SONNENFELD JEFFREY sold 17,500 shares of the company’s common stock on Oct 28 ’24 at a price of $175.13 per share for a total of $3.06 million. Following the sale, the insider now owns 23689.0 shares.
Still, SEC filings show that on Aug 23 ’24, Jeffrey J. McCall (Officer) Proposed Sale 10,000 shares at an average price of $180.97 for $1.81 million. The insider now directly holds shares of Lennar Corp (LEN).
