Lennar (NYSE:LEN.B) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Lennar Corporation (NYSE:LEN.B) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $112.45 and traded as high as $118.91. Lennar shares last traded at $118.6150, with a volume of 51,443 shares changing hands.

Lennar Stock Up 0.9%

The business’s fifty day moving average is $122.70 and its two-hundred day moving average is $112.45. The company has a market cap of $30.25 billion, a P/E ratio of 11.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49.

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

Lennar Dividend Announcement

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