Lennar (NYSE:LEN.B) Stock Price Down 4.5% – Here’s What Happened

Lennar Corporation (NYSE:LEN.B)’s share price fell 4.5% on Friday . The stock traded as low as $75.34 and last traded at $74.7830. 15,576 shares traded hands during trading, a decline of 79% from the average daily volume of 74,468 shares. The stock had previously closed at $78.33.

Lennar Price Performance

The company has a market capitalization of $18.12 billion, a PE ratio of 14.22 and a beta of 1.32. The company has a quick ratio of 0.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average is $82.69 and its 200-day moving average is $86.15.

Lennar (NYSE:LEN.B) last posted its quarterly earnings data on Wednesday, September 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter. The firm had revenue of $8.05 billion during the quarter. Lennar had a return on equity of 6.13% and a net margin of 4.09%.

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.