One of the losers of today's trading session was Lennar. Shares of the Residential construction company plunged -4.0%, and some investors may be wondering if its price of $181.3 would make a good entry point. Here's what you should know if you are considering this investment:
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Lennar has moved 79.4% over the last year, and the S&P 500 logged a change of 39.1%
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LEN has an average analyst rating of buy and is -9.41% away from its mean target price of $200.13 per share
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Its trailing earnings per share (EPS) is $15.06
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Lennar has a trailing 12 month Price to Earnings (P/E) ratio of 12.0 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $16.17 and its forward P/E ratio is 11.2
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The company has a Price to Book (P/B) ratio of 1.79 in contrast to the S&P 500's average ratio of 4.74
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Lennar is part of the Consumer Discretionary sector, which has an average P/E ratio of 22.6 and an average P/B of 3.19
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LEN has reported YOY quarterly earnings growth of 10.1% and gross profit margins of 0.2%
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The company has a free cash flow of $4.65 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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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; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title, insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.