Landsea Homes (NASDAQ:LSEA) Price Target Cut to $10.00 by Analysts at Barclays

Landsea Homes (NASDAQ:LSEA) had its price target decreased by analysts at Barclays from $11.00 to $10.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 3.31% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Oppenheimer began coverage on Landsea Homes in a research note on Friday, May 31st. They issued an “outperform” rating and a $14.00 price target for the company. Wedbush reissued an “outperform” rating and issued a $16.00 price objective on shares of Landsea Homes in a research note on Wednesday, May 1st.

Landsea Homes Stock Up 1.7 %

LSEA traded up $0.16 during trading on Friday, hitting $9.68. 47,742 shares of the company’s stock traded hands, compared to its average volume of 204,536. Landsea Homes has a 12-month low of $7.00 and a 12-month high of $14.91. The company’s 50 day simple moving average is $9.66 and its two-hundred day simple moving average is $11.50. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $350.22 million, a price-to-earnings ratio of 14.24, a PEG ratio of 0.58 and a beta of 1.11.

Landsea Homes (NASDAQ:LSEA) last announced its earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The company had revenue of $294.04 million for the quarter, compared to analysts’ expectations of $277.30 million. Landsea Homes had a net margin of 2.08% and a return on equity of 6.17%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Analysts predict that Landsea Homes will post 1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Landsea Homes

In other news, Director Bruce D. Frank sold 5,491 shares of Landsea Homes stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $10.21, for a total value of $56,063.11. Following the transaction, the director now directly owns 35,261 shares in the company, valued at approximately $360,014.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Landsea Homes news, Director Bruce D. Frank sold 5,491 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $10.21, for a total transaction of $56,063.11. Following the completion of the sale, the director now directly owns 35,261 shares of the company’s stock, valued at $360,014.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mollie Fadule acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $9.78 per share, for a total transaction of $97,800.00. Following the transaction, the director now owns 71,727 shares in the company, valued at $701,490.06. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 4,567,162 shares of company stock valued at $29,057,772. Company insiders own 51.00% of the company’s stock.

Institutional Trading of Landsea Homes

Several hedge funds and other institutional investors have recently made changes to their positions in LSEA. Boston Partners raised its position in shares of Landsea Homes by 22.9% in the 1st quarter. Boston Partners now owns 17,780 shares of the company’s stock valued at $258,000 after purchasing an additional 3,313 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Landsea Homes by 17.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 211,789 shares of the company’s stock worth $3,077,000 after buying an additional 31,480 shares during the period. Hood River Capital Management LLC grew its holdings in shares of Landsea Homes by 82.3% during the first quarter. Hood River Capital Management LLC now owns 482,339 shares of the company’s stock valued at $7,008,000 after buying an additional 217,767 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Landsea Homes by 20.4% during the first quarter. Acadian Asset Management LLC now owns 701,711 shares of the company’s stock worth $10,191,000 after purchasing an additional 118,802 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Landsea Homes by 0.8% during the first quarter. Vanguard Group Inc. now owns 774,128 shares of the company’s stock worth $11,248,000 after purchasing an additional 6,159 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Landsea Homes

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.