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Headquartered in Miami, Florida, Lennar Corporation (LEN) is a leading homebuilder in the United States with a market cap of $48.2 billion. The company focuses on the construction and sale of single-family homes while also participating in multifamily property development and offering various financial services.
Shares of Lennar have significantly outshone the broader market over the past 52 weeks. LEN has soared 48.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 28.1%. However, in 2024, shares of Lennar are up 16.8%, compared to SPX’s 17.3% gain on a YTD basis.