10 Most Profitable Value Stocks To Invest In

5. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Holders: 60

Forward P/E as of October 23, 2024: 12.3

10 Year Revenue Growth Rate: 17.8%

Trailing 12 Month (TTM) Net Income (August 31): $4.15 Billion

Lennar Corporation (NYSE:LEN) is a home construction company that ranks fifth on our list of the most profitable value stocks to invest in right now. The company has constructed more than 1 million homes in the United States since 1954. It also provides mortgage financing, title, and closing services. Its Multifamily segment makes high-quality rental properties.

The company is consistently expanding to increase its dominance in the industry. On October 18, Lennar Corporation (NYSE:LEN) expanded into St. Geroge, Utah, to bring innovative and inclusive homes to the community. The first community in the area will offer 98 single-story and two-story homes. Sales are expected to commence in December 2024. Previously on October 2nd and October 4th, the company expanded into Rochester with three new communities, and across the Piedmont Triad with new homes in Caleb’s Creek.

Speaking of financials, Lennar Corporation (NYSE:LEN) has a solid track record. In the third quarter of 2024, the company logged revenues worth $9.4 billion, up by nearly 8% year-over-year. During the same quarter, deliveries increased by 16% to 21,516 homes. In addition to that, by the end of Q3 2024, the company had a backlog of over 16,900, representing a dollar value of $7.7 billion.

As rates go lower, Lennar Corporation (NYSE:LEN) is hopeful to experience a stronger demand cycle. In the fourth quarter of 2024, the company expects to deliver between 22,500 and 23,000 homes. Overall, the company boasts strong fundamentals and expects to maintain and strengthen its liquidity.