Lennar (NYSE:LEN.B) Shares Down 4.9% – Should You Sell?

Lennar Corporation (NYSE:LEN.B)’s stock price fell 4.9% during mid-day trading on Thursday . The company traded as low as $119.10 and last traded at $119.3650. 13,335 shares were traded during trading, a decline of 77% from the average session volume of 56,761 shares. The stock had previously closed at $125.48.

Lennar Stock Performance

The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The stock has a market cap of $30.38 billion, a P/E ratio of 11.77 and a beta of 1.30. The stock has a 50 day simple moving average of $117.07 and a 200 day simple moving average of $114.76.

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

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, October 10th. Lennar’s payout ratio is currently 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.