FY2024 EPS Estimates for Landsea Homes Lifted by B. Riley

Landsea Homes Co. (NASDAQ:LSEA) – Equities research analysts at B. Riley increased their FY2024 EPS estimates for shares of Landsea Homes in a report released on Tuesday, November 5th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings of $1.44 per share for the year, up from their previous estimate of $1.43. B. Riley currently has a “Buy” rating and a $18.00 target price on the stock. The consensus estimate for Landsea Homes’ current full-year earnings is $1.45 per share.

Several other brokerages have also commented on LSEA. Wedbush upped their price objective on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Oppenheimer lifted their target price on Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Barclays boosted their target price on Landsea Homes from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd.

Landsea Homes Price Performance

LSEA stock opened at $11.12 on Wednesday. The stock has a market cap of $403.43 million, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.81 and a beta of 1.13. Landsea Homes has a 52-week low of $8.28 and a 52-week high of $14.91. The business has a fifty day moving average of $11.87 and a two-hundred day moving average of $10.93. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.79.

Institutional Trading of Landsea Homes

A number of institutional investors have recently bought and sold shares of LSEA. Dimensional Fund Advisors LP increased its holdings in shares of Landsea Homes by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,050,926 shares of the company’s stock valued at $9,658,000 after acquiring an additional 24,157 shares during the last quarter. Vanguard Group Inc. increased its stake in Landsea Homes by 0.8% in the first quarter. Vanguard Group Inc. now owns 774,128 shares of the company’s stock valued at $11,248,000 after purchasing an additional 6,159 shares during the last quarter. Acadian Asset Management LLC raised its holdings in 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 in the last quarter. First Washington CORP lifted its position in shares of Landsea Homes by 2.1% during the 2nd quarter. First Washington CORP now owns 668,971 shares of the company’s stock worth $6,148,000 after buying an additional 13,485 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its holdings in shares of Landsea Homes by 82.3% in the 1st 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 in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Elias Farhat sold 60,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $12.07, for a total transaction of $724,200.00. Following the completion of the transaction, the director now owns 272,685 shares in the company, valued at approximately $3,291,307.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 51.00% 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.