Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Lennar's shares outstanding for the quarter that ended in Feb. 2022 was 295 Mil.
Lennar's quarterly shares outstanding
declined
from Nov. 2021 (299 Mil) to Feb. 2022 (295 Mil).
It means Lennar bought back shares from Nov. 2021 to Feb. 2022 .
Lennar's annual shares outstanding
declined
from Nov. 2020 (313 Mil) to Nov. 2021 (299 Mil).
It means Lennar bought back shares from Nov. 2020 to Nov. 2021 .
Lennar Shares Outstanding (EOP) Historical Data
The historical data trend for Lennar's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Lennar Annual Data
Trend
Nov12
Nov13
Nov14
Nov15
Nov16
Nov17
Nov18
Nov19
Nov20
Nov21
Shares Outstanding (EOP)
239.96
324.24
315.89
312.70
299.43
Lennar Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Shares Outstanding (EOP)
312.32
309.47
299.43
295.49
295.49
Competitive Comparison
For the Residential Construction subindustry, Lennar's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lennar Shares Outstanding (EOP) Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Lennar's Shares Outstanding (EOP) falls into.
Lennar Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Lennar Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of Lennar's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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