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.

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