Lennar (NYSE:LEN.B) Hits New 12-Month Low – Here’s What Happened

Lennar Corporation (NYSE:LEN.B)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $75.90 and last traded at $76.1470, with a volume of 5317 shares traded. The stock had previously closed at $79.13.

Lennar Stock Up 2.1%

The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 12.24 and a beta of 1.32. The business’s 50-day moving average is $83.14 and its two-hundred day moving average is $87.09. The company has a quick ratio of 0.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.19.

Lennar (NYSE:LEN.B) last announced its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share (EPS) for the quarter. The company had revenue of $7.94 billion during the quarter. Lennar had a net margin of 4.93% and a return on equity of 7.08%.

Lennar Company Profile

Lennar Corporation is a homebuilder that designs, constructs, sells and arranges financing for single-family homes. Its residential offerings include entry-level, move-up, active-adult and luxury homes, as well as homes built for rental communities. Lennar also develops the land and infrastructure needed for many of its communities and offers related services to homebuyers.

The company operates through homebuilding divisions serving numerous markets across the United States. Its complementary businesses include mortgage financing, title and closing services, and insurance-related products, which support customers throughout the home-purchase process.