B. Riley Issues Negative Estimate for Landsea Homes Earnings

Landsea Homes Co. (NASDAQ:LSEA) – Research analysts at B. Riley decreased their Q4 2024 earnings per share (EPS) estimates for Landsea Homes in a research report issued on Tuesday, November 5th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings per share of $0.59 for the quarter, down from their previous forecast of $0.86. B. Riley currently has a “Buy” rating and a $18.00 price target 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.

Other analysts have also recently issued reports about the company. Wedbush lifted their price objective on Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Oppenheimer lifted their price objective on Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays lifted their price objective on Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd.

Landsea Homes Stock Down 3.3 %

NASDAQ LSEA opened at $11.12 on Thursday. 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 stock has a market capitalization of $403.47 million, a PE ratio of 15.44, a PEG ratio of 0.81 and a beta of 1.13. Landsea Homes has a 1 year low of $8.28 and a 1 year high of $14.91. The business’s 50-day moving average is $11.85 and its 200 day moving average is $10.93.

Hedge Funds Weigh In On Landsea Homes

Several large investors have recently made changes to their positions in the business. Gladius Capital Management LP purchased a new position in Landsea Homes in the 3rd quarter worth approximately $32,000. Signaturefd LLC purchased a new position in Landsea Homes in the 2nd quarter worth approximately $28,000. Point72 Asset Management L.P. purchased a new position in Landsea Homes in the 2nd quarter worth approximately $31,000. Byrne Asset Management LLC purchased a new position in Landsea Homes in the 2nd quarter worth approximately $32,000. Finally, SG Americas Securities LLC purchased a new position in Landsea Homes in the 3rd quarter worth approximately $125,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Elias Farhat sold 60,000 shares of Landsea Homes stock in a transaction that occurred on 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 directly owns 272,685 shares in the company, valued at approximately $3,291,307.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 51.00% 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.