Lennar (NYSE:LEN.B) Stock Falls 5.4% – Here’s Why

Lennar Corporation (NYSE:LEN.B)’s share price was down 5.4% during trading on Monday. The stock traded as low as $74.60 and last traded at $74.41. Approximately 62,290 shares traded hands during trading, a decline of 22% from the average daily volume of 79,739 shares. The stock had previously closed at $78.69.

Lennar Stock Up 4.5%

The stock has a 50-day moving average of $81.78 and a two-hundred day moving average of $84.76. The company has a market cap of $18.46 billion, a P/E ratio of 14.49 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.69 and a current ratio of 4.94.

Lennar (NYSE:LEN.B) last issued its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 EPS for the quarter. The business had revenue of $8.05 billion for the quarter. Lennar had a net margin of 4.09% and a return on equity of 6.15%.

Lennar Company Profile

Lennar Corporation is a homebuilding and real estate company headquartered in Miami, Florida. Founded in 1954, the company develops and builds single-family attached and detached homes, including offerings designed for first-time, move-up, luxury and active-adult buyers.

Lennar operates across numerous housing markets in the United States. In addition to homebuilding, its activities include land acquisition and development, multifamily apartment development, and the provision of related financial services.