Lennar (NYSE:LEN.B) Stock Price Up 6.2% – Still a Buy?

Lennar Corporation (NYSE:LEN.B)’s stock price traded up 6.2% during trading on Thursday. The stock traded as high as $81.36 and last traded at $81.9760. Approximately 24,152 shares were traded during mid-day trading, a decline of 71% from the average session volume of 82,866 shares. The stock had previously closed at $77.16.

Lennar Stock Performance

The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 15.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.94 and a quick ratio of 0.69. The stock has a 50 day simple moving average of $79.99 and a two-hundred day simple moving average of $83.97.

Lennar (NYSE:LEN.B) last released its quarterly earnings data on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter. Lennar had a return on equity of 6.15% and a net margin of 4.09%. The business had revenue of $8.05 billion for the quarter.

About Lennar

Lennar Corporation is a homebuilder that designs, constructs and sells single-family homes and multifamily properties across many of the largest housing markets in the United States. Its residential offerings include homes for first-time, move-up and active-adult buyers, with communities marketed under the Lennar brand and a range of floor plans, locations and features.

The company also operates businesses that support the homebuying process, including mortgage financing, title and closing services, and insurance-related services.