Lennar (NYSE:LEN.B) Shares Gap Up – Time to Buy?

Lennar Corporation (NYSE:LEN.B) gapped up before the market opened on Monday . The stock had previously closed at $108.14, but opened at $115.46. Lennar shares last traded at $113.7440, with a volume of 1,250 shares.

Lennar Trading Down 0.1%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49. The company has a 50-day moving average price of $117.22 and a 200-day moving average price of $113.92. The firm has a market capitalization of $29.36 billion, a price-to-earnings ratio of 11.37 and a beta of 1.28.

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

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, October 10th. Lennar’s dividend payout ratio (DPR) is 16.54%.

Lennar Company Profile

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.