Last $46.86 USD
Change Today -0.15 / -0.32%
Volume 1.7M
LEN On Other Exchanges
Symbol
Exchange
New York
New York
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

lennar corp-a (LEN) Snapshot

Open
$47.08
Previous Close
$47.01
Day High
$47.24
Day Low
$46.34
52 Week High
11/25/14 - $48.00
52 Week Low
12/5/13 - $34.09
Market Cap
9.3B
Average Volume 10 Days
2.7M
EPS TTM
$2.46
Shares Outstanding
173.9M
EX-Date
10/15/14
P/E TM
19.1x
Dividend
$0.16
Dividend Yield
0.34%
Current Stock Chart for LENNAR CORP-A (LEN)

lennar corp-a (LEN) Details

Lennar Corporation, together with its subsidiaries, is engaged in homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto Investments, and Lennar Multifamily segments. Its homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land. The company also offers real estate related financial services, including mortgage financing, title insurance, and closing services for home buyers and others. In addition, it is involved in raising, investing, and managing third party capital; originating and securitizing commercial mortgage loans, as well as investing in real estate related mortgage loans, properties, and related securities. Further, the company develops multifamily rental properties. Lennar Corporation was founded in 1954 and is headquartered in Miami, Florida.

5,741 Employees
Last Reported Date: 01/28/14
Founded in 1954

lennar corp-a (LEN) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $800.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $650.0K
Chief Operating Officer and Vice President
Total Annual Compensation: $800.0K
General Counsel and Secretary
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

lennar corp-a (LEN) Key Developments

Lennar Corporation Completes the Sale of $350 Million of its 4.50% Senior Notes Due 2019

On November 25, 2014, Lennar Corporation completed the sale of $350 million aggregate principal amount of its 4.50% Senior Notes due 2019. The offer and sale of the Notes had been registered under the Securities Act of 1933, as amended. The company received net proceeds of approximately $346.7 million from the sale of the Notes after deducting the underwriters' discount and certain expenses of the offering. The Notes are governed by an Indenture, dated as of December 31, 1997 (the Indenture), as supplemented by a Ninth Supplemental Indenture, dated as of November 25, 2014, by and among the Company, a number of its subsidiaries as guarantors and The Bank of New York Mellon, as trustee. Interest on the Notes will accrue at the rate of 4.50% per annum from November 25, 2014, and will be payable semi-annually on May 15 and November 15 of each year, commencing May 15, 2015. The Notes will mature on November 15, 2019, subject to earlier redemption or repurchase. The Notes are guaranteed by most, but not all, of the Company's subsidiaries, but the guarantee by particular subsidiaries may be suspended or terminated under some circumstances.

Lennar Corporation Declares Quarterly Dividends, Payable on October 31, 2014

Lennar Corporation announced that its board of directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on October 31, 2014 to holders of record at the close of business on October 17, 2014.

Lennar Corp. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended August 31, 2014

Lennar Corp. reported unaudited earnings results for the third quarter and nine months ended August 31, 2014. For the quarter, the company reported net earnings attributable to company of $177,757,000 or $0.78 per diluted share on total revenues of $2,014,034,000 compared to net earnings attributable to company of $120,662,000 or $0.54 per diluted share on total revenues of $1,602,767,000 reported a year ago. Earnings before income taxes were $262,335,000 compared to $189,359,000 reported a year ago. EBIT was $318,033,000 compared to $242,173,000 reported a year ago. Revenues were higher primarily due to a 10% increase in the number of home deliveries, excluding unconsolidated entities, and a 14% increase in the average sales price of homes delivered. For the nine months, the company reported net earnings attributable to company of $393,593,000 or $1.73 per diluted share on total revenues of $5,195,874,000 compared to net earnings attributable to company of $315,590,000 or $1.42 per diluted share on total revenues of $4,019,891,000 reported a year ago. Earnings before income taxes were $591,841,000 compared to $404,969,000 reported a year ago. Revenues were higher primarily due to an 11% increase in the number of home deliveries, excluding unconsolidated entities, and a 15% increase in the average sales price of homes delivered. EBIT was $750,977,000 compared to $554,075,000 reported a year ago.

 

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Industry Analysis

LEN

Industry Average

Valuation LEN Industry Range
Price/Earnings 19.4x
Price/Sales 1.3x
Price/Book 2.1x
Price/Cash Flow 14.7x
TEV/Sales 0.2x
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