Lennar and Icon, a 3D technology company, partnered to print 100 homes in Georgetown, Texas. The real estate company says about 75% of them have already sold.
Spin-Off Research initiated coverage of Lennar with a Hold rating and $131 price target.
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Goldman Sachs lowered the firm's price target on Lennar to $162 from $190 and keeps a Neutral rating on the shares. The firm notes the company's weaker start to FY25 but also sees the potential for upside as conditions moderate. Goldman Sachs further cites Lennar management highlighting the ongoing focus on volumes as it looks to reduce construction costs and realize further efficiencies to benefit profitability.
Lennar's fourth-quarter fiscal 2024 report reflects tepid home deliveries due to increased interest rates and declining home sales margins.
And create a lot of wealth for investors along the way.
One of Harris' proposals could provide a huge catalyst for these Buffett stocks.
Unfortunately for home buyers, mortgage rates are sharply higher in October, with the 30-year rate averaging 6.92% as of Oct. 23 -- marking a fourth-straight weekly rise.
Now is the ideal time to buy this Buffett stock.
On September 25, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on October 23, 2024, to shareholders of record as of the close of business on October 7, 2024.
Lennar Corporation reported Q3 FY2024 earnings on Thursday. The market was disappointed despite a beat on EPS and revenue estimates. In this update, I discuss reasons for the sell-off in LEN stock and whether the industry outlook has changed, now that the Fed has started to cut rates. I discuss whether the strong performance (LEN shares are up 24% year-to-date) is justified after an already very strong performance in 2023.
There are many strong contenders for the best stock to buy with interest rates falling. One stock especially rises to the top, though.