Lennar (NYSE:LEN.B) Stock Price Up 6.2% – What’s Next?

Lennar Corporation (NYSE:LEN.B)’s share price traded up 6.2% on Thursday. The company traded as high as $81.36 and last traded at $81.9760. Approximately 24,152 shares traded hands during trading, a decline of 71% from the average session volume of 82,866 shares. The stock had previously closed at $77.16.

Lennar Stock Performance

The firm has a market capitalization of $20.08 billion, a price-to-earnings ratio of 15.95 and a beta of 1.30. The firm has a 50 day moving average price of $79.94 and a 200-day moving average price of $83.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.94 and a quick ratio of 0.69.

Lennar (NYSE:LEN.B) last released its earnings results on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter. Lennar had a return on equity of 6.15% and a net margin of 4.09%. The firm had revenue of $8.05 billion during the quarter.

Lennar Company Profile

Lennar Corporation is a homebuilder that designs, constructs and sells single-family homes and multifamily properties across many of the largest housing markets in the United States. Its residential offerings include homes for first-time, move-up and active-adult buyers, with communities marketed under the Lennar brand and a range of floor plans, locations and features.

The company also operates businesses that support the homebuying process, including mortgage financing, title and closing services, and insurance-related services.