Shares of Lennar Corporation Class A (NYSE:LEN) traded today at $115.88, eclipsing its 52-week high. Approximately 239,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.
In the past 52 weeks, Lennar Corporation Class A share prices are bracketed by a low of $71.23 and a high of $115.88 and is now at $114.96, 61% above that low price.
After merging with CalAtlantic in February 2018, Lennar has become the largest public homebuilder (by revenue) in the United States. The company’s homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar’s financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.
Lennar Corporation Class A (NYSE:LEN) is currently priced 41.9% above its average consensus analyst price target of $66.81.
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