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Lennar Corp. (LEN-N)
NYSE:LEN
161.67
4.34
(2.61%) 1d
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Markets fade, but tech flatMixed session to end record weekMixed markets, but Nvidia rulesThis summary was created by AI, based on 17 opinions in the last 12 months.
Experts have shown a positive outlook on Lennar Corp, with mentions of a strong cash flow yield, significant upside potential, and a track record of disciplined investment gains. There is also an emphasis on the housing shortage in the U.S. and the company's ability to maintain strong gross margins and pricing in the face of inflation. Overall, the sentiment is optimistic for the company's future prospects.
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They report Thursday. He expects the homebuilder to tell a terrific story. If the Fed cuts 50 basis points the day before, LEN could be a terrific place to be.
Cash flow yield of 11% and strong technicals.
Is up today, likely from guidance from Toll Brothers. Are lots of tailwinds for homebuilders: falling interest rates and Kamala Harris' pledge in this scetor.
Our PAST TOP PICK with LEN has triggered its stop at $149. To remain disciplined we recommend covering the position at this time. This will result in a net investment gain of 2%, when combined with our previous buy recommendations.
They report Monday. Housing the linchpin of the economy and prices keep climbing. We need to hear if they will build more homes or keep the supply so tight that housing prices won't come down. The buildings are limiting supply to keep gross margins up and prices up, but it's terrible to fight inflation. Housing stocks have hung up because we have a housing shortage, but how long can this last when we see pushback on the prices of other items like dining out, apparel and airline tickets, all of which have risen dramatically in the last 5 years.
We reiterate LEN as a TOP PICK. Earnings will be reported next week, so we will recommend keeping a tight stop at $149, looking to achieve $180 --upside potential of 16%. This will be a good indicator of the US home building market. It trades at 11x earnings and under 2x book value, while supporting a 15% ROE. Yield 1.0%
(Analysts’ price target is $180.35)Shares have done phenomenally. He likes the space, has more indirect exposure through building supply stores rather than homebuilders. Shortage of homes in US. Trading at 10x next year's earnings, not expensive.
We reiterate this Florida-based home construction company as a TOP PICK. Analysts continue to see a long runway of projects being run efficiently. Cash reserves are growing, while shares are aggressively bought back and debt is retired. It trades at 11x earnings and under 2x book, while supporting a 15% ROE. We continue to recommend a stop at $149, looking to achieve $180 -- upside potential of 15%. Yield 1.1%
(Analysts’ price target is $180.35)Expects continued balance sheet strengthening more. Free cash is strong as is new home orders, 25-30% up. Palantir said that Lennar is using their AI.
Remarkable story and she expects a good quarter and upside surprise. Trades at 11x earnings while the group is 9-11x. She prefers Home Depot, the laggard, but likes housing overall due to the housing shortage in the U.S., especially when rates come down.
Last January, they raised their dividend by 33% and raise their buyback plan. This despite rising interest rates last year. He expects a good report next week.
In a low interest rate environment, mortgages are more accessible and homebuilders are busier. Undersupply of homes for a couple of decades, in both Canada and US. Homebuilders have all become more efficient in buying land and building on it. Trades at 9.5x earnings, with earnings growing in the low teens. Yield is 1.3%.
(Analysts’ price target is $161.23)
Lennar Corp.(LEN-N) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 14
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 15
Lennar Corp.(LEN-N) Frequently Asked Questions
What is Lennar Corp. stock symbol?
Lennar Corp. is a American stock, trading under the symbol LEN-N on the New York Stock Exchange (LEN). It is usually referred to as NYSE:LEN or LEN-N
Is Lennar Corp. a buy or a sell?
In the last year, 15 stock analysts published opinions about LEN-N. 14 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Lennar Corp..
Is Lennar Corp. a good investment or a top pick?
Lennar Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Lennar Corp..
Why is Lennar Corp. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Lennar Corp. worth watching?
15 stock analysts on Stockchase covered Lennar Corp. In the last year. It is a trending stock that is worth watching.
What is Lennar Corp. stock price?
On 2024-12-10, Lennar Corp. (LEN-N) stock closed at a price of $161.67.
Economically sensitive, rate sensitive. If you have a 5-10 year horizon, US housing is still underbuilt. Still more valuation upside. Since 2008, all in the space have become higher quality and more of a manufacturing business.