Professional
Added to YB: 2024-07-25
Pitch date: 2024-07-17
LEN [bullish]
Lennar Corporation
-48.44%
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
$17.8B
Pitch Price
$150.69
Price Target
N/A
Dividend
2.67%
EV/EBITDA
10.02
P/E
14.12
EV/Sales
0.72
Sector
Household Durables
Category
value
Aristotle Capital Value Equity Portfolio Holding: Lennar Corporation
LEN: Largest homebuilder executing capital-light model (79% land controlled via options). $6-8B land asset spinoff planned. Sold multifamily assets. Affordability pressures hit margins. Mitigating via efficiency & incentives. Excess cash for redeployment/shareholder returns. Long-term bullish on US housing & LEN's cycle management.
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