Lennar Corp. LEN Stock Analysis

Lennar Corp. stock trades under the ticker LEN & has shown recent bullish behavior that traders & investors should research further into.

LEN stock closed at $98.96/share on 3/14/2023.

Lennar Corp. LEN Stock’s Technical Performance Broken Down

Lennar Corp. LEN Stock's Technical Performance Over The Past Year
Lennar Corp. LEN Stock’s Technical Performance Over The Past Year

LEN Stock Price: $98.96

10 Day Moving Average: $97.41

50 Day Moving Average: $98.39

200 Day Moving Average: $84.49

RSI: 52.35

MACD: -0.269

Yesterday, LEN stock completed a bullish MACD crossover, gaining 1.62% on the day’s session.

Their RSI is neutral & their recent trading volumes are about average compared to the year prior.

They’ve spent much of the past month consolidating & are signaling near-term weakness on the horizon, which may present investors & traders with more advantageous entry points.

LEN stock has support at the $97.41 (10 day moving average), $94.88 & $94.13/share price level, as they look to break out above their $100.89, $101.20 & $109.28 resistance levels.

Lennar Corp. LEN Stock As A Long-Term Investment

Long-term oriented investors will like LEN stock’s valuation metrics, with a 6.16 P/E (ttm) & a 1.16 P/B (mrq).

They recently reported 20.6% Quarterly Revenue Growth Y-o-Y, with 11.1% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a more thorough examination, with $4.64B of Total Cash (mrq) & $6.36B of Total Debt (mrq)

LEN stock pays a 1.54% dividend, which appears to be sustainable in the long-run, as their payout ratio is 9.54%.

97.5% of LEN stock’s outstanding share float is owned by institutional investors.

Lennar Corp. LEN Stock As A Short-Term Trade Using Options

Traders with shorter time horizons can trade options to profit from price movements in LEN stock, while protecting their portfolios from volatility.

I am looking at the contracts with the 4/21 expiration date.

The $97.50, $95 & $92.50 call options are all in-the-money, listed from highest to lowest level of open interest.

The $100, $105, $110 & $115 puts are also all in-the-money, with the former being more liquid than the latter strikes.

Tying It All Together

LEN stock has many interesting characteristics that traders & investors will find appealing.

Investors will like their valuation metrics & dividend yield, but may want to look into their balance sheet deeper.

Traders will like their recent technical performance & liquid options.

All-in-all, it is worth taking a closer look into LEN stock to see how it fits into your portfolio strategy.


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