B. Riley Predicts Landsea Homes’ Q4 Earnings (NASDAQ:LSEA)

Landsea Homes Co. (NASDAQ:LSEA) – Analysts at B. Riley cut their Q4 2024 earnings per share estimates for Landsea Homes in a research note issued on Tuesday, November 5th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.86. B. Riley has a “Buy” rating and a $18.00 price objective on the stock. The consensus estimate for Landsea Homes’ current full-year earnings is $1.40 per share. B. Riley also issued estimates for Landsea Homes’ FY2025 earnings at $2.19 EPS.

Several other research analysts have also commented on the stock. Wedbush raised their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Barclays raised their target price on shares of Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Oppenheimer lifted their target price on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, August 5th.

Landsea Homes Stock Performance

NASDAQ LSEA opened at $11.08 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.70. Landsea Homes has a 1-year low of $8.28 and a 1-year high of $14.91. The firm has a market capitalization of $401.98 million, a P/E ratio of 15.39, a P/E/G ratio of 0.79 and a beta of 1.13. The business’s 50-day simple moving average is $11.81 and its 200-day simple moving average is $10.93.

Insiders Place Their Bets

In other news, Director Thomas Hartfield sold 6,986 shares of Landsea Homes stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $11.15, for a total transaction of $77,893.90. Following the sale, the director now owns 67,181 shares in the company, valued at $749,068.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Thomas Hartfield sold 6,986 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $11.15, for a total transaction of $77,893.90. Following the completion of the sale, the director now directly owns 67,181 shares of the company’s stock, valued at approximately $749,068.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elias Farhat sold 60,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was 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 in the company, valued at $3,291,307.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 51.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC acquired a new position in Landsea Homes in the second quarter valued at approximately $28,000. Point72 Asset Management L.P. purchased a new stake in shares of Landsea Homes during the second quarter valued at $31,000. Byrne Asset Management LLC acquired a new position in Landsea Homes during the second quarter valued at $32,000. Gladius Capital Management LP purchased a new stake in shares of Landsea Homes during the third quarter worth $32,000. Finally, 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. Hedge funds and other 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.