Homebuilding Stock Hits Record Highs Before Earnings
Shares of homebuilder Lennar Corp (NYSE:LEN) are hitting record highs today, as they head for their sixth gain in the last seven days.
Stay Ahead of the Game With Lennar (LEN) Q3 Earnings: Wall Street's Insights on Key Metrics
Get a deeper insight into the potential performance of Lennar (LEN) for the quarter ended August 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Lennar Q3 2024 Preview: Asset-Light Shift Boosts Outlook, But Valuation Is Stretched
Lennar Corporation's stock has surged 40% since July 2023, outperforming the S&P 500, driven by strong demand and expanded earnings multiples despite growth deceleration. Lennar's Q3 earnings report will reveal interesting data. I am focusing on its asset-light transition, handling of construction costs, and the impact of declining mortgage rates. The housing affordability crisis persists despite lower mortgage rates, posing long-term challenges for Lennar, potentially squeezing profit margins due to necessary buyer incentives.
Lennar (LEN) Advances But Underperforms Market: Key Facts
In the latest trading session, Lennar (LEN) closed at $180.23, marking a +0.02% move from the previous day.
Lennar: Further Upside As Mortgage Rates Begin Their Decline
Lennar is the second-largest US homebuilder, with the Homebuilding segment accounting for over 90% of revenues and EBIT. The company has outperformed the iShares US Consumer Discretionary ETF in 2024, delivering a 23% total return. I think Lennar has further upside thanks to an attractive valuation, a conservative capital structure, and sector-wide tailwinds from lower mortgage rates as the Fed normalizes policy.
2 Warren Buffett Stocks That Could Soar If the Fed Cuts Interest Rates in September
Buffett owns two similar stocks -- Lennar and NVR. Shares of both homebuilders should soar if the Fed cuts interest rates.
Why Lennar (LEN) Dipped More Than Broader Market Today
Lennar (LEN) closed at $174 in the latest trading session, marking a -0.84% move from the prior day.
One-third of home builders are slashing prices as confidence in the market falls to 8-month low
The numbers: Builder confidence fell for the fourth month in a row in August, as elevated mortgage rates continue to spook home buyers.
Lennar (LEN) Rises Yet Lags Behind Market: Some Facts Worth Knowing
In the most recent trading session, Lennar (LEN) closed at $170.37, indicating a +1.45% shift from the previous trading day.
Lennar (LEN) Increases Yet Falls Behind Market: What Investors Need to Know
In the closing of the recent trading day, Lennar (LEN) stood at $172, denoting a +0.94% change from the preceding trading day.
Lennar (LEN) Laps the Stock Market: Here's Why
Lennar (LEN) concluded the recent trading session at $178.18, signifying a +0.83% move from its prior day's close.
Lennar Is a Market Leader at a Good Price
Lennar Corp. (LEN, Financial) is the second-largest homebuilder in the United States, trailing only D.R. Horton (DHI).
