B. Riley Issues Negative Estimate for Landsea Homes Earnings

Landsea Homes Co. (NASDAQ:LSEA - Free Report) - Equities researchers at B. Riley lowered their Q4 2024 earnings estimates for Landsea Homes in a research note issued to investors on Tuesday, November 5th. B. Riley analyst A. Rygiel now anticipates that the company will earn $0.59 per share for the quarter, down from their previous 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 equities analysts have also recently issued reports on LSEA. Barclays raised their price target on Landsea Homes from $10.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. Wedbush lifted their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Oppenheimer boosted their price target on shares of Landsea Homes from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th.

Landsea Homes Trading Down 0.7 %

LSEA traded down $0.08 during mid-day trading on Thursday, reaching $11.04. The stock had a trading volume of 253,428 shares, compared to its average volume of 204,914. The firm's fifty day simple moving average is $11.85 and its two-hundred day simple moving average is $10.93. The stock has a market capitalization of $400.56 million, a P/E ratio of 15.44, a P/E/G ratio of 0.81 and a beta of 1.13. Landsea Homes has a 52 week low of $8.28 and a 52 week high of $14.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.70 and a current ratio of 2.70.

Insider Activity

In other Landsea Homes news, Director Elias Farhat sold 60,000 shares of the business's 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 sale, the director now directly owns 272,685 shares of the company's stock, valued at $3,291,307.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 51.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Landsea Homes

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in Landsea Homes by 4.3% during the second quarter. Rhumbline Advisers now owns 20,755 shares of the company's stock worth $191,000 after buying an additional 862 shares during the last quarter. Algert Global LLC increased its stake in shares of 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 purchasing an additional 1,798 shares during the last quarter. Russell Investments Group Ltd. increased its stake 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 worth $1,402,000 after purchasing an additional 2,077 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Landsea Homes by 0.5% in the 1st quarter. Foundry Partners LLC now owns 479,030 shares of the company's stock valued at $6,960,000 after purchasing an additional 2,190 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in Landsea Homes in the 3rd quarter valued at about $32,000. 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.