Lennar Stock Composite Rating Rises; Sales, Profits Accelerate; Building Toward Breakout?

Lennar, one of the country’s biggest homebuilders, has seen sales and profit growth ratchet up in recent quarters, along with Lennar stock price. On Monday, the IBD SmartSelect Composite Rating for Lennar (LEN) climbed to a rarefied level, rising to 96 out of a possible 99.


The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move, putting Lennar stock among the best stocks to buy and watch.

Big Investors Accumulating Lennar Stock

Among other key ratings, the EPS Rating for Lennar sits at 95, meaning it’s in the top 5% of all stocks for recent and long-term profit growth.

Lennar stock has a B- Accumulation/Distribution Rating, on an A+ to E scale. The B- rating indicates that institutional investors have been moderately buying its stock over the past 13 weeks.

Regarding fundamentals, Miami-based Lennar recorded 61% EPS growth for Q2, to $2.65 a share. Revenue grew 22% year over year to $6.43 billion, up from 18% growth in the prior quarter. That marks two quarters of increasing revenue gains.

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Lennar holds the No. 5 rank among its peers in the Building-Residential/Commercial industry group. Century Communities (CCS) is the No. 1-ranked stock in the group.

The homebuilders group has been threatening to break out amid continued low mortgage interest rates, a low supply of available housing and strong demand from first-time and move-up buyers. Although Lennar stock ratings are rising, as a group homebuilders aren’t quite there yet. The group ranks a decent No. 60 on IBD’s list of 197 industry groups. But CAN SLIM style investors look for groups that rank in the top quartile.

Lennar is currently forming a consolidation, with a 110.71 entry. See if the stock can break out in volume at least 40% above average.


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