For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed along ...

Lennar (LEN) closed at $154.12 in the latest trading session, marking a -1.01% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.02%. On the other hand, the Dow registered a loss of 0.11%, and the technology-centric Nasdaq increased by 0.1%.Shares of the homebuilder have depreciated by 5.96% over the course of the past month, outperforming the Construction sector's loss of 6.13% and lagging the S&P 500's loss of 3.01%.Investors will be eagerly watching for the perform ...

A month has gone by since the last earnings report for Lennar (LEN) . Shares have added about 4.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Lennar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Lennar Q1 Earnings Beat, Revenues Miss, Orders UpLennar Corporat ...

MIAMI, April 10, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on May 8, 2024 to holders of record at the close of business on April 24, 2024. About LennarLennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...

In a stock market full of high-flying expensive stocks, this is a high-flying cheap one.Do you think stocks are getting expensive? You could be right. One key valuation metric -- the S&P 500 Shiller cyclically adjusted price-to-earnings (CAPE) ratio -- is at its highest level since early 2022 when the market began to tank. But not every stock is priced at a nosebleed level. You can find several good picks in Warren Buffett's Berkshire Hathaway portfolio. Here's one ridiculously cheap Buffett stock to buy ha ...

Middle-income community marks Quarterra's fourth venture in the Atlanta Metro Area CONYERS, Ga., April 2, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with Nuveen, today announced the start of leasing at Emblem Conyers, Quarterra's latest community in the Atlanta market. Emblem Conyers is a 264-home garden-style community in Conyers, Georgia, a charming town on the eas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ To _______ Commission File Number: 1-11749 Lennar Corporation (Exact name of registrant as specified in its charter) Delaware 95-4337490 (State or ...

Financial Data and Key Metrics Changes - In Q1 2024, the company started 18,338 homes, sold 18,176 homes, and delivered 16,798 homes, with expectations for deliveries to be approximately 10% higher than last year at 80,000 homes [7][8] - The margin for the quarter was reported at 21.8%, with expectations for the next quarter to be around 22.5% and for the full year to be approximately 23.3% [8][9] - The company allocated over $500 million to repurchase 3.4 million shares, maintaining a homebuilding debt to total capital ratio of under 10% [9][24] Business Line Data and Key Metrics Changes - The financial services segment reported operating earnings of $131 million, with mortgage operating earnings increasing to $100 million from $59 million in the prior year due to higher lock volume and efficiencies [43][44] - Title operating earnings rose to $33 million from $23 million in the prior year, driven by higher volume and productivity [44] Market Data and Key Metrics Changes - The company reported a strong demand for housing, limited by a chronic housing shortage, particularly affecting working-class families [9][10] - Market share increased in several regions, with notable growth in the Carolinas, Midwest, and Florida, where the company maintained a 75% share in Miami [36][37] Company Strategy and Development Direction - The company is focused on a land-light strategy, aiming to reduce capital intensity and improve cash flow by purchasing homesites on a just-in-time basis [12][41] - The operational model emphasizes consistent starts to increase market share while maximizing efficiencies and reducing construction costs [12][39] - The company is also intensifying its focus on producing affordable housing to address the chronic housing shortage [17][18] Management's Comments on Operating Environment and Future Outlook - Management noted that while demand remains strong, affordability is being tested by higher interest rates and inflation, impacting mortgage qualifications [10][11] - The company is well-positioned to capitalize on pent-up demand if interest rates normalize, with a focus on maintaining production and increasing market share [29][30] Other Important Information - The company has a strong balance sheet with $5 billion in cash and no borrowings on its credit facility, providing significant liquidity [44][45] - A dividend increase to $2 per share was announced, along with an additional $5 billion stock repurchase authorization [24][48] Q&A Session Summary Question: Concerns about mortgage qualification issues - Management acknowledged that affordability is stretched and noted an increase in credit card and personal debt among customers, leading to some delinquencies [54][55] Question: Market tracking and margin guidance - Management confirmed strong demand and limited supply, with confidence in achieving margin levels despite potential interest rate fluctuations [58][60] Question: Clarification on new land strategy - Management clarified that the new land strategy involves a straightforward spin-off of operational land, distinct from previous multifamily assets, aimed at enhancing the land-light strategy [64][66] Question: Deployment of excess cash - Management indicated that while the need for holding cash has decreased, the focus is on returning capital to shareholders through stock buybacks and dividends [72][74]

Lennar Corporation (LEN) reported first-quarter fiscal 2024 results, wherein its earnings surpassed the Zacks Consensus Estimate but revenues missed the same. On a year-over-year basis, both the top and bottom lines increased, given the company’s emphasis on maintaining a steady production rate to drive sales momentum. Lennar strategically utilized pricing, incentives, marketing expenditure and dynamic pricing insights to ensure steady sales volume despite fluctuations in interest rates.However, the company ...