Lennar (NYSE:LEN.B) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Lennar Corporation (NYSE:LEN.B) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $113.08 and traded as high as $114.72. Lennar shares last traded at $114.2610, with a volume of 33,347 shares traded.

Lennar Trading Up 0.8%

The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15. The company has a market cap of $29.14 billion, a P/E ratio of 11.29 and a beta of 1.28. The business has a 50-day moving average price of $121.08 and a two-hundred day moving average price of $113.15.

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

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Friday, October 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, October 10th. Lennar’s 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.