Lennar stock composite rating increased; Sales, growing profits


Lennar, one of the nation’s largest home builders, has seen its sales and profit growth increase in recent quarters, along with Lennar’s share price. On Monday, the IBD SmartSelect composite assessment for Lennar (LEN) has reached a rarefied level, rising to 96 out of a possible 99.


The upgrade means the action now exceeds 96% of all other actions in terms of key performance metrics and technical strength. Top performing stocks tend to be rated 95 or higher when they start a big move, making Lennar stock among the best stocks to buy and watch.

Big investors hoard Lennar’s shares

Among other key ratings, Lennar’s EPS rating sits at 95, meaning it sits in the top 5% of all stocks for recent and long-term earnings growth.

The Lennar butt has a B- Accumulation / distribution rating, on a scale of A + to E. The B- rating indicates that institutional investors have bought its shares moderately over the past 13 weeks.

On the fundamentals side, Miami-based Lennar posted 61% EPS growth in the second quarter, to $ 2.65 per share. Revenue increased 22% year-on-year to $ 6.43 billion, from 18% growth in the previous quarter. This marks two quarters of increased earnings gains.

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Lennar ranks 5th among his peers in the Building-Residential / Commercial industry group. Communities of the century (CCS) is action n ° 1 of the group.

The homebuilders group has threatened to collapse amid persistently low mortgage interest rates, a low supply of available housing and strong demand from first-time buyers and homebuyers. superior accommodations. Although Lennar’s stock quotes are on the rise, as a group, home builders are not there yet. The group ranks 60th on IBD’s list of 197 industry groups. But CAN SLIM style investors look for groups that rank in the top quartile.

Lennar is currently forming a consolidation, with an entry of 110.71. See if the stock can break out in volume at least 40% above average.


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