Investors may find better financial performance in Lennar Corporation (LEN)

A share price of Lennar Corporation [LEN] is currently trading at $108.08, up 3.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LEN shares have gain 8.06% over the last week, with a monthly amount glided 17.50%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Lennar Corporation [NYSE: LEN] stock has seen the most recent analyst activity on January 13, 2023, when RBC Capital Mkts downgraded its rating to a Underperform and also revised its price target to $76 from $79. Previously, BofA Securities upgraded its rating to Neutral on January 11, 2023, and elevated its price target to $102. On December 14, 2022, upgrade upgraded it’s rating to Overweight and revised its price target to $116 on the stock. Raymond James downgraded its rating to a Mkt Perform. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on September 19, 2022, but kept the price target unchanged to $89. In a note dated August 25, 2022, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $82.

Lennar Corporation experienced fluctuations in its stock price throughout the past year between $62.54 and $105.88. Currently, Wall Street analysts expect the stock to reach $108.39 within the next 12 months. Lennar Corporation [NYSE: LEN] shares were valued at $108.08 at the most recent close of the market. An investor can expect a potential return of 0.29% based on the average LEN price forecast.

Analyzing the LEN fundamentals

During the last quarter, Lennar Corporation [NYSE:LEN] saw sales of 10.17 billion, an improvement of 20.60%. Gross Margin for this corporation currently stands at +27.22% with Operating Margin at +20.16%, Pretax Margin comes in at +17.86%, and Net Margin reading is +13.70%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 106.58 points at the first support level, and at 105.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.43, and for the 2nd resistance point, it is at 110.78.

Lennar Corporation [LEN] reported earnings per share of $5.03 for its fiscal quarter that ended on 8/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.87/share, meaning a difference of $0.16 and a surprise factor of 3.30%. By comparison, the stated earnings for the previous quarter ended on 5/30/2022 were $4.49 per share as compared to estimates of $3.96 per share, a difference of $0.53 representing a surprise of 13.40%.

Ratios To Look Out For

As well, the Quick Ratio is 1.48, while the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 0.76 and the P/E (TTM) ratio is 6.83.

Transactions by insiders

Insider trading has also been a hot topic recently, with 5 insiders purchasing 244,402 shares and 1 selling 100,000 shares in the past 3 months. Recent insider trading involved Collins David M, VP & Controller, that happened on Jul 21 when 15000.0 shares were sold. VP/General Counsel/Secretary, SUSTANA MARK completed a deal on May 11 to sell 22000.0 shares.