Landsea Homes (NASDAQ:LSEA) PT Raised to $12.00

Landsea Homes (NASDAQ:LSEA) had its price target increased by research analysts at Barclays from $10.00 to $12.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential downside of 0.58% from the company’s previous close.

A number of other brokerages have also issued reports on LSEA. Wedbush boosted their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday. Oppenheimer initiated coverage on shares of Landsea Homes in a report on Friday, May 31st. They issued an “outperform” rating and a $14.00 price target on the stock.

Landsea Homes Stock Down 4.1 %

NASDAQ:LSEA traded down $0.52 during midday trading on Friday, hitting $12.07. 16,279 shares of the company were exchanged, compared to its average volume of 200,859. The company has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $11.35. Landsea Homes has a fifty-two week low of $7.00 and a fifty-two week high of $14.91. 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 company has a market capitalization of $436.69 million, a PE ratio of 17.75, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10.

Landsea Homes (NASDAQ:LSEA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. Landsea Homes had a net margin of 2.08% and a return on equity of 6.17%. The firm had revenue of $431.14 million for the quarter, compared to analyst estimates of $336.20 million. During the same period last year, the business earned $0.33 EPS. As a group, equities analysts anticipate that Landsea Homes will post 1.47 earnings per share for the current fiscal year.

Insider Activity at Landsea Homes

In related news, Director Mollie Fadule purchased 10,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $9.78 per share, with a total value of $97,800.00. Following the completion of the purchase, the director now directly owns 71,727 shares in the company, valued at approximately $701,490.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Bruce D. Frank sold 5,491 shares of Landsea Homes stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $10.21, for a total value of $56,063.11. Following the completion of the transaction, the director now directly owns 35,261 shares of the company’s stock, valued at approximately $360,014.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mollie Fadule purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was acquired 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 in the company, valued at approximately $701,490.06. The disclosure for this purchase can be found here. Over the last 90 days, 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 have recently bought and sold shares of LSEA. Signaturefd LLC bought a new stake in Landsea Homes in the 2nd quarter valued at about $28,000. Byrne Asset Management LLC purchased a new position in shares of Landsea Homes in the second quarter worth approximately $32,000. AJOVista LLC purchased a new position in shares of Landsea Homes in the fourth quarter worth approximately $64,000. Quarry LP purchased a new position in Landsea Homes during the fourth quarter valued at approximately $90,000. Finally, LSV Asset Management purchased a new position in Landsea Homes during the fourth quarter valued at approximately $135,000. 82.99% of the stock is currently owned by institutional investors.

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.