Professional
Added to YB: 2024-02-27
Pitch date: 2024-02-26
LEN [bullish]
Lennar Corporation
-14.5%
current return
Author Info
No bio for this author
Company Info
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States.
Market Cap
$31.9B
Pitch Price
$139.62
Price Target
N/A
Dividend
1.54%
EV/EBITDA
7.74
P/E
12.82
EV/Sales
0.87
Sector
Household Durables
Category
value
Aristotle Capital Value Equity Portfolio Holding - Lennar Corporation
$LEN: Despite peak mortgage rates in Q4, agile pricing, digital marketing & incentives drove volume & cash flow while reducing cycle times & debt. 73K homes delivered in 2023 (+10% YoY). Land light strategy at 76% vs 69% YoY & <30% in 2015. Strong FCF, balance sheet, inventory mgmt & efficiencies to meet demand in undersupplied US housing market.
Read full article (1 min)