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Valued at a market cap of $45.6 billion, Miami, Florida-based Lennar Corporation (LEN) is a leading U.S. homebuilder specializing in single-family and multifamily residential construction. With operations spanning homebuilding, financial services, and fund investments, it serves diverse buyers, including first-time, move-up, active adult, and luxury homebuyers.
Shares of the homebuilder have outperformed the broader market over the past 52 weeks. LEN has risen 33.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 30.9%. However, in 2024, shares of LEN are up 13.8%, lagging behind SPX’s 25.1% gain on a YTD basis.