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Lennar Corp  (NYSE: LEN)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $104.5600 $-4.66 -4.262%
Day's High: $114 Week Perf: -6.22 %
Day's Low: $ 111.50 30 Day Perf: -6.53 %
Volume (M): 598 52 Wk High: $ 193.80
Volume (M$): $ 67,521 52 Wk Avg: $145.61
Open: $109.70 52 Wk Low: $98.42



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 12,284
 Revenues (TTM) (Millions $) 35,760
 Net Income (TTM) (Millions $) 3,776
 Cash Flow (TTM) (Millions $) 679
 Capital Exp. (TTM) (Millions $) 41

Lennar Corp
Company Overview

Lennar Corporation is one of the largest homebuilders in the United States, recognized for its diversified offerings in the residential housing market and its provision of comprehensive financial services. The company is primarily engaged in the sale and construction of both single-family attached and detached homes. Additionally, Lennar is involved in the purchase, development, and sale of residential land, carried out directly and through unconsolidated entities in which it holds investments.

Homebuilding Operations

Lennars homebuilding segment targets various demographics, particularly focusing on first-time, move-up, and active adult homebuyers. The company operates primarily under the Lennar and U.S. Home brand names and employs a dual marketing strategy known as Everything's Included' and the Design StudioSM program.

- Everything's Included': This program simplifies the buying experience by including popular and high-quality features as standard in all homes.

- Design StudioSM: This initiative allows homebuyers to customize their homes through personalized consultations in dedicated design studios, offering a wide range of upgrades and design options.

Land Acquisition and Development

Lennar typically acquires land for the development and construction of homes, with the option to sell land to third parties as well. The land acquisition process adheres to stringent underwriting standards and can involve partnerships with unconsolidated entities, which mitigate risk and enhance access to potential homesites. These partnerships often include land sellers, other homebuilders, and real estate entities, allowing Lennar to access sites that may be unavailable or financially unfeasible without strategic collaboration.

Product Offering

The company offers a broad spectrum of homes, priced from under $100,000 to over $1,000,000. Lennars developments span diverse environments, from urban infill to golf course communities, aiming to cater to a wide array of homebuyers. The company emphasizes a compelling homebuying experience by combining quality construction with modern amenities and flexible financing options.

Sales and Marketing

Lennar employs salaried and commission-based sales associates and also utilizes independent brokers for property sales. The companys marketing strategy encompasses various channels, including digital advertising, print media, billboards, and direct community outreach, particularly for its active adult communities.

Financial Services

Lennar provides an array of financial services through its subsidiaries, notably Universal American Mortgage Company, LLC and Eagle Home Mortgage, Inc. These services cover conventional, FHA-insured, and VA-guaranteed loans across multiple states. Around 71% of Lennars homebuyers who seek mortgage financing use their financial services subsidiaries.

Title and Insurance Services

The company offers title insurance and related services, having handled approximately 188,000 transactions and issued around 185,000 title insurance policies through its subsidiary, North American Title Group, Inc. Their reach extends across several states, ensuring homebuyers have robust support during closing.

Communications Services

Through Lennar Communications Ventures, the company provides high-speed internet and cable television services to residents in communities they develop as well as to non-residents.

Market Competitiveness

Lennar operates in a highly competitive residential homebuilding sector, contending with national, regional, and local builders as well as existing home sales and rental properties. Competitive factors influencing their market standing include:

- Land Position: An excellent inventory of land, especially in constrained markets, supports future growth.
- Market Presence: A strong foothold in rapidly growing homebuilding areas throughout the U.S.
- Financial Health: Maintaining liquidity while balancing a robust capital structure.
- Marketing Strategy: The ability to offer distinctive and compelling marketing programs to attract various homebuyer segments.

Lennar Corporations competitive landscape also presents challenges in acquiring land, sourcing raw materials, and securing skilled labor, which are essential to sustain growth and meet demand.

This detailed overview underscores Lennars commitment to innovation in homebuilding and financial service provisions, reflecting its status as a key player in the housing market.


   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

-9.13 %

16.01 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DHI   -3.93%    
KBH   -5.27%    
NVR        1.22% 
PHM   -4.57%    
TMHC        0.14% 
TOL   -1.78%    
• View Complete Report
   



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Published Wed, Aug 7 2024 7:50 PM UTC

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Lennar Corp Faces Sell-Off as Affordability Pressures and Financial Performance Impact Stock Performance

Published Fri, Jul 12 2024 12:12 PM UTC

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Lennar Corp. Continues to Navigate Challenges as Share Performance Trails Overall Market

Published Sat, Jul 6 2024 6:00 AM UTC

Lennar Corp., a leading home construction company, has been navigating a challenging market landscape in recent months as its share performance struggles to keep pace with the broader market. Despite facing losses on certain days, Lennar Corp. s stock has managed to outperform its competitors, demonstrating its resilience and potential for growth.On July 5th, Lennar Corp. Cl...

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...







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