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

Lennar Corporation (NYSE:LEN.B)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $78.70 and last traded at $78.8340, with a volume of 2142 shares traded. The stock had previously closed at $80.41.

Lennar Trading Down 2.5%

The company has a market capitalization of $18.92 billion, a price-to-earnings ratio of 12.29 and a beta of 1.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.91 and a current ratio of 4.91. The business’s 50-day simple moving average is $86.10 and its 200-day simple moving average is $92.99.

Lennar (NYSE:LEN.B) last issued its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 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%.

About Lennar

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.