Lennar Reaches New 52-Week High (LEN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Lennar Corporation (NYSE: LEN) hit a new 52-week high Wednesday as it is currently trading at $39.27, above its previous 52-week high of $39.25 with 3.9 million shares traded as of 1:50 p.m. ET. Average volume has been five million shares over the past 30 days.

Lennar has a market cap of $6.16 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 96.5% year to date as of the close of trading on Tuesday.

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 14.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lennar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Lennar Ratings Report.

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