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New Homes Boost Lennar’s Performance

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Lennar’s price movement

Lennar (LEN) has a market cap of $10.36 billion. Lennar’s YTD (year-to-date) price movement has a mixed performance with ups and downs. After earnings report for 3Q15, it fell by 0.31% to close at $51.59 per share. The price movement on a weekly, monthly, and YTD basis is -1.45%, -5.04%, and 15.42%, respectively. It’s trading at -1.47% on a trailing five-day basis.

Technically, it has broken the support of the 20-day and 50-day moving average few times in 2015. Currently, it’s trading at 0.59% above the 20-day moving average, -0.61% below the 50-day moving average, and 5.97% above the 200-day moving average.

The iShares Dow Jones US Home Construction ETF (ITB) invests 11.11% of its holdings in Lennar. ITB tracks a market-cap-weighted index of companies involved in the production and sale of material used in home construction. ITB’s YTD price movement is 8.72%.

Lennar’s competitors and their market caps are:

  • KB Home (KBH) – $1.35 billion
  • D.R. Horton (DHI) – $11.59 billion
  • PulteGroup (PHM) – $7.24 billion
  • NVR (NVR) – $6.38 billion

Lennar’s performance in 3Q15

According to the 3Q15 earnings report, the company reported net revenue of $2,491.698 million—a rise of 4.10% on a quarterly basis. The revenue for homebuilding and multifamily rose by 5.50% and 0.26%. The revenue for financial services fell by 0.66%. The net income and EPS (earnings per share) rose to $223.312 million and $0.96 in 3Q15—a rise of 22% and 21.50% on a quarterly basis. The stockholders’ equity rose by 4.30% in 3Q15.

About Lennar

Lennar is the leading builder of quality new homes in the most desirable real estate markets across the nation. The company’s home plans demonstrate the commitment to customers by showcasing outstanding new home construction and a dedication to excellence in homebuilding. Every new home that’s for sale offers the simplicity of included options featured in model homes and inventory homes.

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