Lennar (NYSE:LEN.B) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Lennar Corporation (NYSE:LEN.B) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $113.08 and traded as high as $114.72. Lennar shares last traded at $114.2610, with a volume of 33,347 shares trading hands.

Lennar Stock Performance

The company has a market capitalization of $29.14 billion, a P/E ratio of 11.29 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $121.08 and its two-hundred day simple moving average is $113.08.

Lennar (NYSE:LEN.B) last released its quarterly earnings results on Thursday, September 18th. The construction company reported $2.00 EPS for the quarter. The business had revenue of $8.81 billion for the quarter. Lennar had a net margin of 7.72% and a return on equity of 11.09%.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, October 10th. Lennar’s dividend payout ratio (DPR) is 16.54%.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.