B. Riley Has Negative Estimate for Landsea Homes Q4 Earnings

Landsea Homes Co. (NASDAQ:LSEA) – Investment analysts at B. Riley lowered their Q4 2024 EPS estimates for shares of Landsea Homes in a research note issued on Tuesday, November 5th. B. Riley analyst A. Rygiel now expects that the company will post earnings of $0.59 per share for the quarter, down from their prior forecast of $0.86. 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. B. Riley also issued estimates for Landsea Homes’ FY2025 earnings at $2.19 EPS.

Several other research analysts also recently weighed in on the stock. Barclays upped their target price on shares of Landsea Homes from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Oppenheimer upped their target price on shares of Landsea Homes from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Wedbush upped their target price 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.

Landsea Homes Trading Down 3.3 %

Shares of LSEA stock opened at $11.12 on Thursday. Landsea Homes has a 1 year low of $8.28 and a 1 year high of $14.91. The firm has a fifty day moving average price of $11.85 and a 200-day moving average price of $10.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market cap of $403.47 million, a price-to-earnings ratio of 15.44, a PEG ratio of 0.81 and a beta of 1.13.

Insider Buying and Selling at Landsea Homes

In other Landsea Homes news, Director Elias Farhat sold 60,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,291,307.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 51.00% of the company’s stock.

Institutional Trading of Landsea Homes

Several hedge funds have recently made changes to their positions in LSEA. Commonwealth Equity Services LLC purchased a new stake in shares of Landsea Homes during the 1st quarter valued at about $851,000. Janney Montgomery Scott LLC raised its position 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 buying an additional 41,791 shares in the last quarter. Empowered Funds LLC raised its position in shares of Landsea Homes by 35.0% during the 1st quarter. Empowered Funds LLC now owns 162,168 shares of the company’s stock valued at $2,356,000 after buying an additional 42,088 shares in the last quarter. Sei Investments Co. raised its position in shares of Landsea Homes by 12.6% during the 1st quarter. Sei Investments Co. now owns 152,501 shares of the company’s stock valued at $2,216,000 after buying an additional 17,079 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Landsea Homes by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock valued at $1,402,000 after buying an additional 2,077 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.