Is this a Prime Time To acquire Lennar Corporation (LEN) stock

The price of Lennar Corporation (NYSE: LEN) closed at $100.77 in the last session, up 1.83% from day before closing price of $98.96. In other words, the price has increased by $+1.81 from its previous closing price. On the day, 2958461 shares were traded. LEN stock price reached its highest trading level at $101.78 during the session, while it also had its lowest trading level at $99.62.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".



We take a closer look at LEN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.40. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.17.

Upgrades & Downgrades

On January 13, 2023, RBC Capital Mkts Downgraded its rating to Underperform which previously was Sector Perform and also lowered its target price recommendation from $79 to $76.

BofA Securities Upgraded its Underperform to Neutral on January 11, 2023, whereas the target price for the stock was revised from $92 to $102.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 21 when Collins David M sold 15,000 shares for $82.00 per share. The transaction valued at 1,230,000 led to the insider holds 41,382 shares of the business.

SUSTANA MARK sold 22,000 shares of LEN for $1,577,180 on May 11. The VP/General Counsel/Secretary now owns 46,279 shares after completing the transaction at $71.69 per share.

Valuation Measures:

As of this moment, Lennar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.37, and their Forward P/E ratio for the next fiscal year is 9.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 1.20.

Stock Price History:

Over the past 52 weeks, LEN has reached a high of $109.28, while it has fallen to a 52-week low of $62.54. The 50-Day Moving Average of the stock is 98.73, while the 200-Day Moving Average is calculated to be 85.11.

Shares Statistics:

According to the various share statistics, LEN traded on average about 2.24M shares per day over the past 3-months and 2.38M shares per day over the past 10 days. A total of 287.36M shares are outstanding, with a floating share count of 263.86M. Insiders hold about 1.70% of the company’s shares, while institutions hold 98.20% stake in the company. Shares short for LEN as of Jan 12, 2023 were 9.76M with a Short Ratio of 7.75M, compared to 9.37M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.37% and a Short% of Float of 4.43%.

Dividends & Splits

The forward annual dividend rate for LEN is 1.50, which was 0.75 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.76%, it implies a Forward Annual Dividend Yield of 1.49%. The stock’s 5-year Average Dividend Yield is 0.77. The current Payout Ratio is 8.70% for LEN, which recently paid a dividend on Feb 09, 2023 with an ex-dividend date of Jan 25, 2023. Stock splits for the company last occurred on Nov 08, 2017 when the company split stock in a 1017:1000 ratio.

Earnings Estimates

The company has 18 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.56 for the current quarter, with a high estimate of $1.78 and a low estimate of $1.43, while EPS last year was $1.69. The consensus estimate for the next quarter is $2.16, with high estimates of $2.92 and low estimates of $1.66.

Analysts are recommending an EPS of between $10.65 and $6.7 for the fiscal current year, implying an average EPS of $9.15. EPS for the following year is $10.02, with 20 analysts recommending between $12.3 and $6.22.

Revenue Estimates

According to 13 analysts, the current quarter’s revenue is expected to be $5.93B. It ranges from a high estimate of $6.19B to a low estimate of $5.68B. As of the current estimate, Lennar Corporation’s year-ago sales were $6.2B, an estimated decrease of -4.30% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $6.61B, a decrease of -20.90% less than the figure of -$4.30% in the same quarter last year. There is a high estimate of $7.3B for the next quarter, whereas the lowest estimate is $5.68B.

A total of 16 analysts have provided revenue estimates for LEN’s current fiscal year. The highest revenue estimate was $29.87B, while the lowest revenue estimate was $25.03B, resulting in an average revenue estimate of $27.79B. In the same quarter a year ago, actual revenue was $33.67B, down -17.50% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $26.87B in the next fiscal year. The high estimate is $30.95B and the low estimate is $23.16B. The average revenue growth estimate for next year is down -3.30% from the average revenue estimate for this year.