Landsea Homes (NASDAQ:LSEA) Given New $12.00 Price Target at Barclays

Landsea Homes (NASDAQ:LSEA) had its price objective boosted by Barclays from $10.00 to $12.00 in a report published on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

LSEA has been the subject of a number of other research reports. 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. Oppenheimer assumed coverage on shares of Landsea Homes in a research report on Friday, May 31st. They set an outperform rating and a $14.00 target price for the company.

Landsea Homes Price Performance

Shares of LSEA traded down $0.85 during mid-day trading on Friday, reaching $11.74. The stock had a trading volume of 231,606 shares, compared to its average volume of 174,650. The firm has a market cap of $424.75 million, a price-to-earnings ratio of 17.26, a PEG ratio of 0.86 and a beta of 1.11. Landsea Homes has a 12 month low of $7.00 and a 12 month high of $14.91. The business has a fifty day moving average of $10.06 and a 200 day moving average of $11.35. 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 (NASDAQ:LSEA) last issued its earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Landsea Homes had a net margin of 1.72% and a return on equity of 6.25%. The firm had revenue of $431.14 million during the quarter, compared to analyst estimates of $336.20 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities analysts predict that Landsea Homes will post 1.47 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC purchased a new position in Landsea Homes during the 2nd quarter valued at about $28,000. Byrne Asset Management LLC purchased a new position in Landsea Homes during the 2nd quarter valued at about $32,000. AJOVista LLC purchased a new position in Landsea Homes during the 4th quarter valued at about $64,000. Quarry LP purchased a new position in Landsea Homes during the 4th quarter valued at about $90,000. Finally, LSV Asset Management purchased a new position in Landsea Homes during the 4th quarter valued at about $135,000. 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.