Lennar Corporation (NYSE:LEN) reported a sharp jump in its first-quarter profit, helped by higher prices. The results came a day after KB Home posted similarly strong results in a bullish read on the housing market. Housing data also showed U.S. existing home sales at a 19-month low in February. Lennar Corporation (NYSE:LEN) shares fell -2.47% in last trading session and ended the day on $40.31. Lennar Corporation (NYSE:LEN) return on equity ratio is recorded as 14.20% and its return on assets is 4.90%. Lennar Corporation (NYSE:LEN) yearly performance is -6.67%.
Cemex SAB de CV (NYSE:CX) was upgraded by analysts at Longbow Research from a neutral rating to a buy rating. Cemex SAB de CV (ADR) (NYSE:CX) shares moved up 0.81% in last trading session and was closed at $12.46, while trading in range of $12.28 – $12.68. Cemex SAB de CV (ADR) (NYSE:CX) year to date (YTD) performance is 5.33%.
IBD’s Building-Residential industry group is up 9% this year. It’s ranked No. 47 of 197 groups tracked. Lennar is its largest name by market cap, followed by Pulte Group (NYSE:PHM), D.R. Horton (DHI) and Toll Bros . (TOL) KB Home is 12th in size of 27 stocks in the group. PulteGroup, Inc. (NYSE:PHM) weekly performance is 1.15%. On last trading day company shares ended up $19.40. PulteGroup, Inc. (NYSE:PHM) distance from 50-day simple moving average (SMA50) is -2.09%. Analysts mean target price for the company is $22.09.
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