Lennar (NYSE:LEN.B) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Lennar Corporation (NYSE:LEN.B)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $111.50 and traded as low as $104.04. Lennar shares last traded at $104.97, with a volume of 21,202 shares traded.

Lennar Price Performance

The company has a current ratio of 3.65, a quick ratio of 0.49 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average price is $104.77 and its two-hundred day moving average price is $111.50. The stock has a market cap of $27.19 billion, a P/E ratio of 8.68 and a beta of 1.27.

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). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The firm had revenue of $8.38 billion during the quarter. During the same period in the prior year, the firm posted $3.38 EPS.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 3rd. Lennar’s dividend payout ratio is presently 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.