Lennar (NYSE:LEN.B) Shares Gap Up – Still a Buy?

Lennar Corporation (NYSE:LEN.B) shares 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 trading hands.

Lennar Price Performance

The stock has a market cap of $21.45 billion, a PE ratio of 12.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.77 and a quick ratio of 0.97. The business has a fifty day moving average of $86.84 and a 200 day moving average of $100.40.

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

Lennar Company Profile

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.