In yesterday’s Wall Street session, Lennar Corp (NYSE:LEN) shares traded at $138.40, down -5.16% from the previous session.
LEN stock price is now -18.52% away from the 50-day moving average and -17.07% away from the 200-day moving average. The market capitalization of the company currently stands at $37.34B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $210 to $181, Barclays Downgraded its rating from Overweight to Equal Weight for Lennar Corp (NYSE: LEN). On October 07, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $205 to quote $190, while ‘Seaport Research Partners’ rates the stock as ‘Neutral’
In other news, SONNENFELD JEFFREY, Director sold 17,500 shares of the company’s stock on Oct 28 ’24. The stock was sold for $3,064,775 at an average price of $175.13. Upon completion of the transaction, the Director now directly owns 23,689 shares in the company, valued at $3.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Director JEFFREY SONNENFELD bought 17,500 shares of the business’s stock. A total of $3,064,784 was incurred on buying the stock at an average price of $175.13. A total of 14.09% of the company’s stock is owned by insiders.
During the past 12 months, Lennar Corp has had a low of $140.65 and a high of $193.80. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 4.71, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $36693458944, which is based on a 9.65 price-to-earnings ratio, a 1.61 price-to-earnings-growth ratio, and a beta of 1.65. The fifty day moving average price for LEN is $169.85 and a two-hundred day moving average price translates $166.88115 for the stock.
The latest earnings results from Lennar Corp (NYSE: LEN) was released for 2024-08-31. The net profit margin was 11.03% and return on equity was 14.34% for LEN. The company reported revenue of $9.42 billion for the quarter, compared to $8.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.86 percent.
