Lennar Reaches New 52-Week High (LEN)

NEW YORK ( TheStreet) -- Lennar Corporation (NYSE: LEN) hit a new 52-week high Thursday as it is currently trading at $24.44, above its previous 52-week high of $24.35 with two million shares traded as of 11:05 a.m. ET. Average volume has been 6.3 million shares over the past 30 days.

Lennar has a market cap of $3.48 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 20.3% 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 46.6, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lennar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Lennar Ratings Report.

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