NEW YORK ( TheStreet) -- Shares of Lennar Corporation (NYSE: LEN.B) were gapping up Thursday morning with an open price 13.4% higher than Wednesday's closing price. The stock closed at $12.57 Wednesday and opened today's trading at $14.25. The average volume for Lennar has been 49,600 shares per day over the past 30 days. Lennar has a market cap of $2.3 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 19.3% year to date as of the close of trading on Wednesday. Lennar Corporation, together with its subsidiaries, engages in homebuilding, financial services, and real estate businesses in the United States. The company has a P/E ratio of 17.7, and equal to the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Lennar as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Lennar Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.