Landsea Homes Co. (NASDAQ:LSEA – Get Free Report) Director Elias Farhat sold 60,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $12.07, for a total value of $724,200.00. Following the transaction, the director now owns 272,685 shares of the company’s stock, valued at $3,291,307.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Landsea Homes Trading Down 1.6 %
NASDAQ:LSEA opened at $12.34 on Wednesday. The stock has a market cap of $446.45 million, a price-to-earnings ratio of 18.15, a PEG 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. Landsea Homes Co. has a 1 year low of $7.00 and a 1 year high of $14.91. The business has a fifty day moving average of $10.57 and a 200-day moving average of $11.21.
Landsea Homes (NASDAQ:LSEA – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The business had revenue of $431.14 million during the quarter, compared to the consensus estimate of $336.20 million. Landsea Homes had a net margin of 1.72% and a return on equity of 6.25%. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities analysts predict that Landsea Homes Co. will post 1.47 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Landsea Homes from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. 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 research report on Friday, August 2nd. Finally, Oppenheimer raised their price target on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday, August 5th.
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.
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