Barclays Increases Landsea Homes (NASDAQ:LSEA) Price Target to $12.00

Landsea Homes (NASDAQ:LSEA) had its target price increased by analysts at Barclays from $10.00 to $12.00 in a report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 2.21% from the stock’s previous close.

Other analysts also recently issued reports about the company. Oppenheimer began coverage on Landsea Homes in a report on Friday, May 31st. They issued an “outperform” rating and a $14.00 target price for the company. Wedbush boosted their target price on Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday.

Landsea Homes Stock Down 6.8 %

NASDAQ LSEA traded down $0.85 during trading on Friday, reaching $11.74. 231,606 shares of the company’s stock were exchanged, compared to its average volume of 174,650. The stock has a market cap of $424.75 million, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.86 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.13 and a current ratio of 2.13. The company has a 50 day moving average price of $10.06 and a two-hundred day moving average price of $11.34. Landsea Homes has a 1 year low of $7.00 and a 1 year high of $14.91.

Landsea Homes (NASDAQ:LSEA) last announced its quarterly earnings results 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. The company had revenue of $431.14 million during the quarter, compared to the consensus estimate of $336.20 million. Landsea Homes had a return on equity of 6.25% and a net margin of 1.72%. During the same period in the previous year, the business earned $0.33 EPS. On average, equities research analysts anticipate that Landsea Homes will post 1.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Landsea Homes news, Director Bruce D. Frank sold 5,491 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $10.21, for a total transaction of $56,063.11. Following the transaction, the director now owns 35,261 shares in the company, valued at approximately $360,014.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Bruce D. Frank sold 5,491 shares of the company’s 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 sale, the director now owns 35,261 shares in the company, valued at approximately $360,014.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mollie Fadule purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $9.78 per share, for a total transaction of $97,800.00. Following the acquisition, the director now owns 71,727 shares in the company, valued at $701,490.06. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 4,567,162 shares of company stock worth $29,057,772. Company insiders own 51.00% of the company’s stock.

Institutional Investors Weigh In On Landsea Homes

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in Landsea Homes by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 20,755 shares of the company’s stock valued at $191,000 after buying an additional 862 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Landsea Homes by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 96,458 shares of the company’s stock valued at $1,402,000 after purchasing an additional 2,077 shares in the last quarter. Foundry Partners LLC increased its holdings in 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 in the last quarter. Signaturefd LLC acquired a new stake in Landsea Homes in the 2nd quarter valued at $28,000. Finally, Boston Partners increased its holdings in Landsea Homes by 22.9% in the 1st quarter. Boston Partners now owns 17,780 shares of the company’s stock valued at $258,000 after purchasing an additional 3,313 shares in the last quarter. Hedge funds and other institutional investors 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.