Lennar: S&P Gainer

NEW YORK ( TheStreet) -- Home builder Lennar ( LEN) was the best-performing stock in the S&P 500 on Tuesday.

The S&P 500 fell 3.99 points, or 0.28%, to 1,412.52.

Shares of Lennar rose 4.66% to $27.63 on nearly three times average daily trading volume. The stock, which hit a 52-week high of $28.28 in intraday action, surged after the company reported first-quarter earnings that topped Wall Street's consensus view.

Miami-based Lennar posted a profit of $15 million, or 8 cents a share, for the three months ended in February on revenue of $724.9 million. The average estimate of analysts polled by Thomson Reuters was for earnings of 4 cents a share in the quarter on revenue of $699.4 million.

Lennar shares trade at an estimated price-to-earnings ratio for next year of 20.67X; the average for home construction companies is 23.86X. For comparison, D.R. Horton ( DHI) has a lower forward P/E of 18.82X; Toll Brothers' ( TOL) forward P/E is 33.47X.

Thirteen of the 25 analysts who cover Lennar rate it at hold. Ten analysts give the stock a buy rating and two analysts rate it at sell.

TheStreet Ratings gives Lennar a B- grade with a buy rating and a $30.17 price target. The stock has risen 40.61% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Other top-performing S&P 500 stocks on Tuesday included:
  • FMC (FMC): The stock rose 4.51% Tuesday to $105.69. The stock has increased 22.84% year to date. TheStreet Ratings gives FMC an A+ grade with a buy rating and $112.55 price target.
  • Micron Technology (MU): The stock increased 3.94% Tuesday to $8.57. The stock has risen 36.33% year to date. TheStreet Ratings gives Micron Technology a C- grade with a hold rating.
  • Juniper Networks (JNPR): The stock rose 3.78% Tuesday to $22.23. The stock has increased 8.92% year to date. TheStreet Ratings gives Juniper Networks a C+ grade and hold rating.
  • JDS Uniphase (JDSU): The stock increased 3.28% Tuesday to $14.79. The stock has risen 41.67% year to date. TheStreet Ratings gives JDS Uniphase a C grade and hold rating.
  • PulteGroup (PHM): The stock rose 3.07% Tuesday to $9.06. The stock has increased 43.58% year to date. TheStreet Ratings gives PulteGroup a D+ grade and sell rating.
  • Tripadvisor (TRIP): The stock increased 2.89% Tuesday to $35.29. The stock has risen 39.98% year to date.
  • Sears Holdings (SHLD): The stock rose 2.41% Tuesday to $73.50. The stock has increased 131.28% year to date. TheStreet Ratings gives Sears Holdings a D grade and sell rating.
  • CSX (CSX): The stock rose 2.37% Tuesday to $22.06. The stock has increased 4.75% year to date. TheStreet Ratings gives CSX a B+ grade with a buy rating and $24.28 price target.
  • SuperValu (SVU): The stock has increased 2.3% Tuesday to $6.23. The stock has fallen 23.28% year to date. TheStreet Ratings gives SuperValu a D+ grade and sell rating.

-- Written by Alexandra Zendrian in New York.

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.