Lennar (NYSE:LEN.B) Sees Strong Trading Volume – What’s Next?

Shares of Lennar Corporation (NYSE:LEN.B) saw strong trading volume on Friday . 29,805 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 32,720 shares.The stock last traded at $119.6260 and had previously closed at $125.48.

Lennar Trading Up 0.1%

The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $30.41 billion, a price-to-earnings ratio of 11.79 and a beta of 1.30. The business has a 50-day moving average of $117.09 and a two-hundred day moving average of $114.79.

Lennar (NYSE:LEN.B) last posted its quarterly earnings results on Thursday, September 18th. The construction company reported $2.00 EPS for the quarter. Lennar had a return on equity of 11.09% and a net margin of 7.72%.The firm had revenue of $8.81 billion during the quarter.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Friday, October 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, October 10th. Lennar’s dividend payout ratio (DPR) is 16.54%.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.