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High construction costs, rising mortgage rates, and looming tariffs are pressuring the stocks.
LEN strengthens its market position with a key acquisition.
In the closing of the recent trading day, Lennar (LEN) stood at $122.69, denoting a +0.62% change from the preceding trading day.
On February 07, 2024, Millrose Properties (NYSE: MRP; $26.74; Market Capitalization: $3.5 billion), and Lennar Corporation (NYSE: LEN, $121.94; Market Capitalization: $32.2 billion) started regular-way trading. MRP opened at $23.49, made an intraday high of $27.07, and a low of $22.26 before closing at $26.74.
NEW YORK , Feb. 5, 2025 /PRNewswire/ -- Millrose Properties Inc. (NYSE: MRP) will replace Ironwood Pharmaceuticals Inc. (NASD: IRWD) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, February 10. S&P 500 constituent Lennar Corp (NYSE: LEN) is spinning off Millrose Properties in a transaction expected to be completed on Friday, February 7.
The latest trading day saw Lennar (LEN) settling at $128.29, representing a +1.66% change from its previous close.
Shares of several homebuilders and construction companies lost ground Monday on worries that new tariffs could raise building costs.
Most stocks have experienced a significant downturn in January 2025, with many indices reflecting a decline of around 20%.
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.67%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 8%.
Homebuilder stocks are trading at low multiples despite consensus estimates predicting 22%-82% earnings growth by 2028, indicating potential undervaluation. The U.S. housing market faces an affordability crisis, but long-term undersupply and strong fundamentals make homebuilders attractive investments. Homebuilders have improved margins, low debt, and strong free cash flow, positioning them well for future growth and share buybacks.