Lennar (NYSE:LEN.B) Shares Gap Up – What’s Next?

Lennar Corporation (NYSE:LEN.B) gapped up prior to trading on Thursday . The stock had previously closed at $81.21, but opened at $85.61. Lennar shares last traded at $83.5350, with a volume of 1,136 shares traded.

Lennar Stock Down 2.1%

The business’s 50-day moving average price is $87.03 and its 200-day moving average price is $100.71. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $20.77 billion, a PE ratio of 12.09 and a beta of 1.34.

Lennar (NYSE:LEN.B) last posted its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $6.62 billion during the quarter. Lennar had a net margin of 5.39% and a return on equity of 7.80%.

About Lennar

Lennar is a U.S.-based residential real estate company primarily engaged in the design, construction and sale of new homes. The company builds a range of housing products that typically include single-family detached homes, attached homes and planned community residences aimed at first-time buyers, move-up buyers and active-adult purchasers. Lennar’s operations span many metropolitan and regional housing markets across the United States, and the company is known for a high-volume, production-oriented homebuilding model.

In addition to core homebuilding, Lennar provides a suite of complementary services intended to simplify the homebuying process.