B. Riley Has Positive View of Landsea Homes FY2024 Earnings

Landsea Homes Co. (NASDAQ:LSEA) – Research analysts at B. Riley lifted their FY2024 earnings estimates for Landsea Homes in a report issued on Tuesday, November 5th. B. Riley analyst A. Rygiel now expects that the company will post earnings per share of $1.44 for the year, up from their prior forecast of $1.43. B. Riley has a “Buy” rating and a $18.00 price objective on the stock. The consensus estimate for Landsea Homes’ current full-year earnings is $1.45 per share.

Other research analysts have also recently issued research reports about the stock. Wedbush raised 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, August 2nd. Oppenheimer lifted their target price on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Barclays boosted their price objective on shares of Landsea Homes from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd.

Landsea Homes Stock Down 0.7 %

Shares of LSEA opened at $11.04 on Wednesday. The stock has a market cap of $400.56 million, a price-to-earnings ratio of 15.44, a P/E/G ratio of 0.81 and a beta of 1.13. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.79. Landsea Homes has a 12 month low of $8.28 and a 12 month high of $14.91. The company has a 50-day moving average price of $11.85 and a two-hundred day moving average price of $10.93.

Institutional Trading of Landsea Homes

A number of institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Landsea Homes by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock worth $191,000 after acquiring an additional 862 shares during the period. Algert Global LLC grew its holdings in Landsea Homes by 16.0% during the 2nd quarter. Algert Global LLC now owns 13,043 shares of the company’s stock worth $120,000 after acquiring an additional 1,798 shares during the period. Russell Investments Group Ltd. grew its holdings in Landsea Homes by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock worth $1,402,000 after acquiring an additional 2,077 shares during the period. Foundry Partners LLC grew its holdings in Landsea Homes by 0.5% during the 1st quarter. Foundry Partners LLC now owns 479,030 shares of the company’s stock worth $6,960,000 after acquiring an additional 2,190 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in Landsea Homes during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Buying and Selling

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

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.