Lennar Corp. (NYSE: LEN)’s stock price has plunge by 0.56relation to previous closing price of 151.62. Nevertheless, the company has seen a -1.07% plunge in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-27 that Berkshire’s massive investment in Apple speaks volumes about its long-term potential. The environment still seems ripe for homebuilder stocks, and Lennar looks poised to take advantage.
Is It Worth Investing in Lennar Corp. (NYSE: LEN) Right Now?
Lennar Corp. (NYSE: LEN) has a price-to-earnings ratio that is above its average at 10.68x. The stock has a 36-month beta value of 1.55. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 7 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for LEN is 239.13M, and at present, short sellers hold a 2.20% of that float. On May 02, 2024, the average trading volume of LEN was 2.06M shares.
LEN’s Market Performance
LEN stock saw a decrease of -1.07% in the past week, with a monthly decline of -6.15% and a quarterly a decrease of 1.75%. The volatility ratio for the week is 2.58%, and the volatility levels for the last 30 days are 2.74% for Lennar Corp. (LEN). The simple moving average for the last 20 days is -2.93% for LEN stock, with a simple moving average of 11.76% for the last 200 days.
Analysts’ Opinion of LEN
Many brokerage firms have already submitted their reports for LEN stocks, with Wedbush repeating the rating for LEN by listing it as a “Underperform.” The predicted price for LEN in the upcoming period, according to Wedbush is $144 based on the research report published on April 02, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see LEN reach a price target of $117. The rating they have provided for LEN stocks is “Hold” according to the report published on November 27th, 2023.
Wells Fargo gave a rating of “Overweight” to LEN, setting the target price at $123 in the report published on October 17th of the previous year.
LEN Trading at -4.27% from the 50-Day Moving Average
After a stumble in the market that brought LEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.66% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.58%, as shares sank -8.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.98% upper at present.
During the last 5 trading sessions, LEN fell by -1.07%, which changed the moving average for the period of 200-days by +16.93% in comparison to the 20-day moving average, which settled at $156.40. In addition, Lennar Corp. saw 2.30% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LEN starting from Banse Amy, who purchase 1,575 shares at the price of $157.00 back on Apr 10 ’24. After this action, Banse Amy now owns 11,859 shares of Lennar Corp., valued at $247,275 using the latest closing price.
BESSETTE DIANE J, the VP/CFO/Treasurer of Lennar Corp., sale 10,000 shares at $147.73 during a trade that took place back on Dec 26 ’23, which means that BESSETTE DIANE J is holding 260,556 shares at $1,477,300 based on the most recent closing price.
Stock Fundamentals for LEN
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.46 for the gross margin
The net margin for Lennar Corp. stands at 0.12. The total capital return value is set at 0.17. Equity return is now at value 15.71, with 10.63 for asset returns.
Based on Lennar Corp. (LEN), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 1.04. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 36.36.
Currently, EBITDA for the company is 5.53 billion with net debt to EBITDA at -0.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 27.27for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.27.
Conclusion
To sum up, Lennar Corp. (LEN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
