Lennar Corp. (NYSE: LEN)’s stock price has plunge by -1.63relation to previous closing price of 161.10. Nevertheless, the company has seen a 3.94% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that The latest trading day saw Lennar (LEN) settling at $155.21, representing a +1.8% change from its previous close.
Is It Worth Investing in Lennar Corp. (NYSE: LEN) Right Now?
Lennar Corp. (NYSE: LEN) has a price-to-earnings ratio of 11.10x that is above its average ratio. Additionally, the 36-month beta value for LEN is 1.57. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 7 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for LEN is 238.97M and currently, short sellers hold a 2.20% ratio of that float. The average trading volume of LEN on May 09, 2024 was 2.01M shares.
LEN’s Market Performance
The stock of Lennar Corp. (LEN) has seen a 3.94% increase in the past week, with a -4.53% drop in the past month, and a 3.79% gain in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 2.59% for LEN. The simple moving average for the past 20 days is 2.16% for LEN’s stock, with a 15.55% simple moving average for the past 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 -0.78% 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 -8.18% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +1.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.99% upper at present.
During the last 5 trading sessions, LEN rose by +3.94%, which changed the moving average for the period of 200-days by +24.49% in comparison to the 20-day moving average, which settled at $155.23. In addition, Lennar Corp. saw 6.33% 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 1.23. 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
In conclusion, Lennar Corp. (LEN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
