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Lennar Corp  (LEN)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $155.1000 $0.06 0.039%
Day's High: $155.31 Week Perf: -0.21 %
Day's Low: $ 150.69 30 Day Perf: -9.22 %
Volume (M): 3,116 52 Wk High: $ 172.59
Volume (M$): $ 483,214 52 Wk Avg: $138.17
Open: $153.23 52 Wk Low: $102.90



 Market Capitalization (Millions $) 43,412
 Shares Outstanding (Millions) 280
 Employees 9,495
 Revenues (TTM) (Millions $) 35,056
 Net Income (TTM) (Millions $) 4,082
 Cash Flow (TTM) (Millions $) 987
 Capital Exp. (TTM) (Millions $) 167

Lennar Corp
We are one of the nation's largest homebuilders and a provider of financial services. Our homebuilding operations include the sale and construction of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which we have investments. Our financial services operations provide mortgage financing, title insurance, closing services and insurance agency services for both buyers of our homes and others. We sell substantially all of the loans that we originate in the secondary mortgage market. Through our financial services operations, we also provide high-speed Internet and cable television services to residents of communities we develop and to others.

We primarily sell single-family attached and detached homes in communities targeted to first-time, move-up and active adult homebuyers.'We operate primarily under the Lennar and U.S. Home brand names and utilize a dual marketing strategy consisting of our Everything's Included' and Design StudioSM programs.

In our homebuilding operations, we generally acquire land for development and for the construction of homes, which we sell to homebuyers. We also sell land to third parties. Land acquisitions are subject to strict underwriting criteria and may be made directly or through unconsolidated entities in which we have investments. Through unconsolidated entities, we reduce and share our risk by limiting the amount of our capital invested in land, while increasing our access to potential future homesites. Unconsolidated entities, in some instances, also help us acquire land to which we could not otherwise obtain access, or could not obtain access on as favorable terms, without the participation of a strategic partner. Our partners in these entities generally are unrelated homebuilders, land sellers or other real estate entities.

We offer a diversified line of homes for first-time, move-up and active adult homebuyers. With homes priced from under $100,000 to above $1,000,000 and available in a variety of environments ranging from urban infill communities to golf course communities, we are focused on providing homes for a wide spectrum of buyers. Our unique dual marketing strategy of Everything's Included' and Design StudioSM provides customers with the flexibility to choose how they would like to purchase their new home. In our Everything's Included' program, we make the homebuying experience simple by including desirable, top-of-the-line features as standard items. In our Design StudioSM program, we provide an individualized homebuying experience and personalized design consultation in our design studios, offering a diverse selection of upgrades and options for a new home. We sell our homes primarily from models that we have designed and constructed.

We employ sales associates who are paid salaries, commissions or both to complete on-site sales of homes. We also sell homes through independent brokers. We advertise our communities in newspapers and other local and regional publications, on billboards and through our website, www.lennar.com. Our website allows homebuyers to search for homes with specific design criteria in their price range and desired location. In addition, we advertise our active adult communities in areas where prospective active adult homebuyers live.

We have participated in charitable down-payment assistance programs for a small percentage of our homebuyers. Through these programs, we make a donation to a non-profit organization that provides financial assistance to a homebuyer, who would not otherwise have sufficient funds for a down payment.

We provide a full spectrum of conventional, FHA-insured and VA-guaranteed, first and second lien residential mortgage loan products to our homebuyers and others through our financial services subsidiaries, Universal American Mortgage Company, LLC and Eagle Home Mortgage, Inc., in Arizona, California, Colorado, Florida, Illinois, Maryland, Minnesota, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington and Wisconsin. In 2004, our financial services subsidiaries provided loans to approximately 71% of our homebuyers who obtained mortgage financing in areas where we offered services. Because of the availability of mortgage loans from our financial services subsidiaries, as well as independent mortgage lenders, we believe access to financing has not been, and is not, a significant obstacle for most purchasers of our homes.

We provide title insurance and title and closing services to our homebuyers and others. We provided title and closing services for approximately 188,000 real estate transactions and issued approximately 185,000 title insurance policies during 2004 through subsidiaries of North American Title Group, Inc. Title and closing services are provided by agency subsidiaries in Arizona, California, Colorado, District of Columbia, Florida, Illinois, Maryland, Minnesota, Nevada, Pennsylvania, Texas and Virginia. North American Title Insurance Corporation in Florida, Illinois, Texas and Virginia and North American Title Insurance Company in Arizona, California, Colorado and Nevada provide title insurance underwriting.

We provide high-speed Internet and cable television services to residents of our communities and others through subsidiaries of Strategic Holdings, Inc. doing business under the name Lennar Communications Ventures.

Competition

The residential homebuilding industry is highly competitive. We compete for homebuyers in each of the market regions where we operate with numerous national, regional and local builders, as well as with resales of existing homes and with the rental housing market. We compete for homebuyers on the basis of a number of interrelated factors including location, price, reputation, amenities, design, quality and financing. In addition to competition for homebuyers, we also compete with other homebuilders for desirable properties, raw materials and reliable, skilled labor. We compete for land buyers with third parties in our efforts to sell land to homebuilders and others. We believe we are competitive in the market regions where we operate primarily due to our:

Excellent land position, particularly in land-constrained markets, where we have increased the number of homesites we own and/or control;

Strong presence in some of the fastest growing homebuilding markets in the United States;

Balance sheet, where we continue to focus on liquidity while maintaining a strong capital structure; and

Dual marketing strategy consisting of our Everything's Included' and Design StudioSM programs.

Our financial services operations compete with other mortgage lenders, including national, regional and local mortgage bankers and brokers, savings and loan associations and other financial institutions, in the origination and sale of mortgage loans. Principal competitive factors include interest rates and other features of mortgage loan products available to the consumer. We compete with other insurance agencies, including national, regional and local insurance agencies, in the sale of title insurance, homeowner insurance and related insurance services. Principal competitive factors include cost and other features of insurance products available to the consumer. We compete with other escrow companies and other title insurance agencies for closing services. Principal competitive factors include service and price. We compete with other communication service providers in the sale of high-speed Internet and cable television services. Principal competitive factors include price, quality, service and availability.



   Company Address: 5505 Waterford District Drive Miami 33126 FL
   Company Phone Number: 559-4000   Stock Exchange / Ticker: NYSE LEN
   


Customers Net Income fell by LEN's Customers Net Profit Margin fell to

-4.37 %

19.31 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DHI        0.39% 
KBH   -1.33%    
NVR        0.77% 
PHM        0.61% 
TMHC   -1.1%    
TOL   -0.01%    
• View Complete Report
   



Dividend

Lennar Corporation Continues to Thrive: Announces Quarterly Cash Dividend to Shareholders

Published Wed, Apr 10 2024 8:30 PM UTC

Lennar Corporation Declares Quarterly Cash Dividend, Demonstrating Strong Financial Performance and Commitment to Shareholders
MIAMI, April 10, 2024 - Lennar Corporation (NYSE: LEN and LEN.B), a prominent homebuilder in the United States, has recently announced that its Board of Directors has approved a quarterly cash dividend of $0.50 per share for both Class A and Clas...

Lennar Corp

Lennar Corp Announces 12.673% Revenue Surge - Investors Rejoice!

Lennar Corporation, a prominent homebuilder in the United States, recently made headlines with its announcement of a significant increase in its annual dividend and a substantial share repurchase authorization. This move not only reflects the company's strong financial health but also demonstrates its commitment to enhancing shareholder value.
The decision to raise the annual dividend from $1.50 to $2.00 per share highlights Lennar Corporation's dedication to rewarding its shareholders. By increasing the dividend, the company seeks to provide additional returns to its investors and demonstrate confidence in its future prospects. This move is a testament to Lennar's position as a leading player in the homebuilding industry.

Lennar Corp

Construction Services Company Sees Impressive 6.61% Profit Growth in Financial Time-Frame2. Lennar Corp Reports Significant Revenue Increase of 7.802% in Construction Services Industry

Lennar Corporation, a leading Construction Services company, has recently announced its impressive financial results for the financial time-frame closing November 30, 2023. The company reported a revenue increase of 7.802% to reach $10.97 billion compared to $10.17 billion in the prior year. This substantial growth in revenue demonstrates Lennar Corp's strong performance and ability to outperform its contemporaries in the Construction Services industry.
Moreover, the company's income per share also showed positive growth, with a 6.61% increase to $4.83 per share compared to $4.53 in the prior year. This demonstrates Lennar Corp's ability to generate higher earnings and deliver value to its shareholders.

Dividend

Lennar Corporation Elevates Shareholder Value through Dividend Increase and $5 Billion Share Repurchase Authorization

Published Tue, Jan 9 2024 10:30 PM UTC



In a move indicating its strong financial health and commitment to shareholder value, Lennar Corporation, one of the nation's leading homebuilders, has announced a significant increase in its annual dividend and a substantial share repurchase authorization. This news comes amidst a positive trend in the company's stock performance, further reinforcing Lennar's posi...

Lennar Corp

Lennar Corp's Lackluster Q3 Earnings: Are They Facing Troubling Times Ahead?

Lennar Corp, one of the leading construction services companies, recently reported disappointing results for its most recent fiscal period. The company's earnings per share (EPS) deteriorated by -23.06% to $3.87 from $5.03, while its revenue sank by -2.293% to $8.73 billion year on year. This decline comes after a previous reporting season where the company saw growth in earnings and revenue.
During the preceding reporting season, Lennar Corp experienced an increase in earnings to $3.01 per share and revenue advanced by 8.508% to $8.05 billion. However, in the most recent fiscal period, earnings fell to $1,116.952 million, a decrease of -24.16% from the corresponding period a year before, when earnings were at $1,472.694 million.






 

Lennar's Segments
 
 
• View Complete Report

Lennar's Operating Statistics Decrease / Increase
       
East Housing Units Closed    East Housing Units Closed Growth   
Central Housing Units Closed    Central Housing Units Closed Growth   
West Housing Units Closed    West Housing Units Closed Growth   
Other Housing Units Closed   Other Housing Units Closed Decline   
Total Housing Units Closed    Total Housing Units Closed Growth   
Avg. Sales Price ($)    Avg. Sales Price ($) Growth   
Avg. Gross Profit per Unit ($)    Avg. Gross Profit per Unit ($) Growth   
East Housing Units New Orders    East Housing Units New Orders Growth   
Central Housing Units New Orders    Central Housing Units New Orders Growth   
West Housing Units New Orders   West Housing Units New Orders Decline   
Other Housing Units New Orders   Other Housing Units New Orders Decline   
Total Housing Units New Orders    Total Housing Units New Orders Growth   




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