Insider Selling: Landsea Homes Co. (NASDAQ:LSEA) Director Sells 60,000 Shares of Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Elias Farhat sold 60,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $12.07, for a total value of $724,200.00. Following the completion of the sale, the director now directly owns 272,685 shares of the company’s stock, valued at $3,291,307.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Landsea Homes Price Performance

Shares of NASDAQ LSEA opened at $11.99 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.13 and a current ratio of 2.13. Landsea Homes Co. has a fifty-two week low of $7.00 and a fifty-two week high of $14.91. The stock has a market cap of $433.79 million, a PE ratio of 17.63, a price-to-earnings-growth ratio of 0.86 and a beta of 1.11. The stock has a fifty day moving average of $10.68 and a 200-day moving average of $11.22.

Landsea Homes (NASDAQ:LSEA) last posted its earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. Landsea Homes had a return on equity of 6.25% and a net margin of 1.72%. The business had revenue of $431.14 million during the quarter, compared to analyst estimates of $336.20 million. During the same quarter in the previous year, the firm earned $0.33 EPS. Equities research analysts anticipate that Landsea Homes Co. will post 1.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LSEA. Barclays increased their price target 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. Oppenheimer increased their target price on shares of Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, 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 research report on Friday, August 2nd.

Institutional Trading of Landsea Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of LSEA. Wasatch Advisors LP bought a new position in Landsea Homes in the 1st quarter valued at $22,136,000. Hood River Capital Management LLC raised its position in shares of Landsea Homes by 82.3% in the first quarter. Hood River Capital Management LLC now owns 482,339 shares of the company’s stock worth $7,008,000 after buying an additional 217,767 shares in the last quarter. Mill Road Capital Management LLC raised its position in shares of Landsea Homes by 123.2% in the fourth quarter. Mill Road Capital Management LLC now owns 388,224 shares of the company’s stock worth $5,101,000 after buying an additional 214,250 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Landsea Homes during the first quarter valued at $2,543,000. Finally, Acadian Asset Management LLC grew its position 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 buying an additional 118,802 shares in the last quarter. Institutional investors own 82.99% 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.