Lennar (NYSE:LEN.B) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Lennar Corporation (NYSE:LEN.B) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $109.41 and traded as high as $127.52. Lennar shares last traded at $127.41, with a volume of 22,609 shares.

Lennar Price Performance

The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $33.00 billion, a price-to-earnings ratio of 10.54 and a beta of 1.23. The stock’s 50-day moving average price is $113.08 and its 200-day moving average price is $109.41.

Lennar (NYSE:LEN.B) last posted its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.06). The business had revenue of $8.38 billion for the quarter. Lennar had a return on equity of 12.73% and a net margin of 9.20%.During the same period last year, the business posted $3.38 earnings per share.

Lennar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 3rd. Lennar’s dividend payout ratio is presently 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.