Profile
Sector:
Consumer CyclicalIndustry:
Residential ConstructionCountry:
United StatesIPO:
23 April 2003Website:
http://www.lennar.comNext earnings report:
13 December 2024Last dividends:
09 October 2024Next dividends:
N/APrice
regular market | 24 min agoAnalysts recommendations
Institutional Ownership
LEN.B Latest News
Laura Escobar, the president of Lennar Mortgage, said the lack of affordable housing options poses a threat to America's future.
Lennar Corporation LEN is currently trading at a valuation almost on par with the Zacks Building Products - Home Builders industry, with its forward 12-month price-to-earnings (P/E) ratio at 11.51 with a Value Score of B. The industry is currently trading at 11.3X.
Lennar LEN has headwinds in 2024, including margin pressure, but that is the worst news. While the housing market at large is tepid, conditions favor home builders, driving business, cash flow, and capital returns.
Lennar, PulteGroup, NVR, M/I Homes and Century Communities have been highlighted in this Industry Outlook article.
On October 2, 2024, Lennar Corp (LEN, Financial), one of the United States' leading homebuilders, released its 10-Q filing, revealing a comprehensive financial performance and strategic positioning. The filing indicates a solid revenue increase in homebuilding, from $8.32 million in the three months ended August 31, 2023, to $9.05 million in the same period in 2024.
Lennar NYSE: LEN has headwinds in 2024, including margin pressure, but that is the worst news. While the housing market at large is tepid, conditions favor home builders, driving business, cash flow, and capital returns.
What type of business is Lennar?
Lennar Corporation is a development company whose main profile of activity is the construction of individual housing (cottages, townhouses, cottage communities). The company was founded in 1954 and is headquartered in Miami, Florida. In 2017, the company became the largest homebuilding company in the United States after acquiring developer CalAtlantic Homes. The company operates in 21 states and has a number of subsidiary companies with different profiles of activity. The company has several main lines of business: - design, construction, and sale of single-family residential homes; - design, construction, and management of multifamily residential complexes; - purchase and sale of land for construction; - mortgage financing; - title insurance; - real estate services.
What sector is Lennar in?
Lennar is in the Consumer Cyclical sector
What industry is Lennar in?
Lennar is in the Residential Construction industry
What country is Lennar from?
Lennar is headquartered in United States
When did Lennar go public?
Lennar initial public offering (IPO) was on 23 April 2003
What is Lennar website?
https://www.lennar.com
Is Lennar in the S&P 500?
No, Lennar is not included in the S&P 500 index
Is Lennar in the NASDAQ 100?
No, Lennar is not included in the NASDAQ 100 index
Is Lennar in the Dow Jones?
No, Lennar is not included in the Dow Jones index
When was Lennar the previous earnings report?
No data
When does Lennar earnings report?
The next expected earnings date for Lennar is 13 December 2024