Landsea Homes (NASDAQ:LSEA) Price Target Raised to $17.00

Landsea Homes (NASDAQ:LSEA) had its price target raised by Wedbush from $16.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the company. Barclays cut their price objective on Landsea Homes from $11.00 to $10.00 and set an equal weight rating on the stock in a report on Friday, July 12th. Oppenheimer began coverage on shares of Landsea Homes in a research report on Friday, May 31st. They set an outperform rating and a $14.00 price target on the stock.

Landsea Homes Trading Up 0.3 %

LSEA stock traded up $0.03 during trading on Friday, reaching $11.77. 149,693 shares of the stock were exchanged, compared to its average volume of 201,961. The firm has a market capitalization of $425.83 million, a price-to-earnings ratio of 17.07, a P/E/G ratio of 0.86 and a beta of 1.11. 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 business has a 50 day moving average price of $10.06 and a 200-day moving average price of $11.33. Landsea Homes has a 1 year low of $7.00 and a 1 year high of $14.91.

Landsea Homes (NASDAQ:LSEA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $431.14 million during the quarter, compared to analysts’ expectations of $336.20 million. Landsea Homes had a return on equity of 6.25% and a net margin of 1.72%. During the same period in the prior year, the business posted $0.33 EPS. On average, research analysts predict that Landsea Homes will post 1.47 earnings per share for the current year.

Insider Transactions at Landsea Homes

In other news, Director Mollie Fadule bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $9.78 per share, for a total transaction of $97,800.00. Following the completion of the purchase, the director now owns 71,727 shares in the company, valued at approximately $701,490.06. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Landsea Homes news, Director Mollie Fadule purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $9.78 per share, with a total value of $97,800.00. Following the completion of the acquisition, the director now directly owns 71,727 shares of the company’s stock, valued at approximately $701,490.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ming Tian sold 450,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $9.53, for a total transaction of $4,288,500.00. Following the completion of the transaction, the director now owns 12,290,729 shares in the company, valued at $117,130,647.37. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,567,162 shares of company stock valued at $29,057,772. 51.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Landsea Homes

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in Landsea Homes in the first quarter valued at approximately $2,543,000. Mill Road Capital Management LLC raised its holdings in shares of Landsea Homes by 123.2% during the fourth quarter. Mill Road Capital Management LLC now owns 388,224 shares of the company’s stock worth $5,101,000 after purchasing an additional 214,250 shares during the period. Hood River Capital Management LLC lifted its holdings in Landsea Homes by 82.3% in the first quarter. Hood River Capital Management LLC now owns 482,339 shares of the company’s stock worth $7,008,000 after acquiring an additional 217,767 shares during the last quarter. Acadian Asset Management LLC boosted its position in Landsea Homes by 20.4% during the 1st quarter. Acadian Asset Management LLC now owns 701,711 shares of the company’s stock valued at $10,191,000 after purchasing an additional 118,802 shares during the period. Finally, III Capital Management boosted its holdings in shares of Landsea Homes by 24.5% during the fourth quarter. III Capital Management now owns 100,921 shares of the company’s stock valued at $1,326,000 after acquiring an additional 19,864 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Landsea Homes Company Profile

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.