B. Riley Issues Positive Forecast for Landsea Homes Earnings

Landsea Homes Co. (NASDAQ:LSEA) – Equities research analysts at B. Riley upped their FY2024 earnings per share (EPS) estimates for Landsea Homes in a note issued to investors on Tuesday, November 5th. B. Riley analyst A. Rygiel now anticipates that the company will earn $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 price objective on the stock. The consensus estimate for Landsea Homes’ current full-year earnings is $1.45 per share.

LSEA has been the topic of a number of other research reports. Wedbush boosted 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, August 2nd. Oppenheimer boosted 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 raised their target price on 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 Price Performance

LSEA stock opened at $11.50 on Wednesday. Landsea Homes has a one year low of $8.16 and a one year high of $14.91. The firm has a 50-day moving average of $11.88 and a two-hundred day moving average of $10.93. The firm has a market capitalization of $417.22 million, a PE ratio of 17.97, a P/E/G ratio of 0.72 and a beta of 1.13. The company has a current ratio of 2.70, a quick 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 added to or reduced their stakes in the business. Commonwealth Equity Services LLC acquired a new stake in shares of Landsea Homes in the 1st quarter valued at $851,000. Janney Montgomery Scott LLC increased its holdings in shares of Landsea Homes by 98.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 84,147 shares of the company’s stock valued at $1,223,000 after acquiring an additional 41,791 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Landsea Homes by 35.0% in the 1st quarter. Empowered Funds LLC now owns 162,168 shares of the company’s stock valued at $2,356,000 after acquiring an additional 42,088 shares in the last quarter. Sei Investments Co. lifted its holdings in Landsea Homes by 12.6% in the 1st quarter. Sei Investments Co. now owns 152,501 shares of the company’s stock worth $2,216,000 after purchasing an additional 17,079 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Landsea Homes by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock worth $1,402,000 after purchasing an additional 2,077 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Landsea Homes

In other Landsea Homes news, Director Elias Farhat sold 60,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $12.07, for a total value of $724,200.00. Following the transaction, the director now directly owns 272,685 shares of the company’s stock, valued at $3,291,307.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 51.00% of the stock is currently owned by company insiders.

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.