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

Landsea Homes (NASDAQ:LSEA) had its target price boosted by Barclays from $10.00 to $12.00 in a research report released on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

LSEA has been the topic of several other reports. Wedbush upped their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the company an outperform rating in a report on Friday. Oppenheimer began coverage on Landsea Homes in a report on Friday, May 31st. They issued an outperform rating and a $14.00 price objective on the stock.

Landsea Homes Stock Down 0.7 %

NASDAQ LSEA traded down $0.08 on Friday, hitting $11.66. 239,399 shares of the company were exchanged, compared to its average volume of 202,563. The company has a market cap of $421.85 million, a PE ratio of 17.07, a PEG ratio of 0.86 and a beta of 1.11. Landsea Homes has a 12 month low of $7.00 and a 12 month high of $14.91. The stock has a fifty day moving average of $10.06 and a 200-day moving average of $11.33. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.35.

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

Insider Buying and Selling

In related news, major shareholder Holdings Corp Landsea sold 4,100,000 shares of Landsea Homes stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $6.00, for a total value of $24,600,000.00. Following the transaction, the insider now owns 12,840,729 shares in the company, valued at $77,044,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Holdings Corp Landsea sold 4,100,000 shares of Landsea Homes stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $6.00, for a total transaction of $24,600,000.00. Following the sale, the insider now owns 12,840,729 shares in the company, valued at $77,044,374. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce D. Frank sold 5,491 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 35,261 shares of the company’s stock, valued at $360,014.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,567,162 shares of company stock worth $29,057,772. 51.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Landsea Homes during the 1st quarter worth approximately $2,543,000. Mill Road Capital Management LLC raised its stake in Landsea Homes by 123.2% in the 4th 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 in the last quarter. Hood River Capital Management LLC boosted its holdings in shares of Landsea Homes by 82.3% during the 1st quarter. Hood River Capital Management LLC now owns 482,339 shares of the company’s stock valued at $7,008,000 after acquiring an additional 217,767 shares in the last quarter. Acadian Asset Management LLC grew 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 last quarter. Finally, III Capital Management increased its holdings in Landsea Homes by 24.5% in the fourth quarter. III Capital Management now owns 100,921 shares of the company’s stock valued at $1,326,000 after purchasing an additional 19,864 shares during the period. Institutional investors and hedge funds 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.