Landsea Homes (NASDAQ:LSEA) Given New $11.00 Price Target at Barclays

Landsea Homes (NASDAQ:LSEA) had its price target decreased by Barclays from $14.00 to $11.00 in a research note issued to investors on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Separately, Wedbush reissued an outperform rating and issued a $16.00 price target on shares of Landsea Homes in a research report on Wednesday, May 1st.

Landsea Homes Price Performance

LSEA opened at $9.78 on Thursday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34. The company has a market cap of $353.55 million, a price-to-earnings ratio of 14.38 and a beta of 1.11. The stock has a fifty day simple moving average of $12.42 and a two-hundred day simple moving average of $11.58. Landsea Homes has a 12-month low of $7.00 and a 12-month high of $14.91.

Landsea Homes (NASDAQ:LSEA) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07). Landsea Homes had a return on equity of 6.11% and a net margin of 2.08%. The business had revenue of $294.04 million during the quarter, compared to the consensus estimate of $277.30 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. Research analysts predict that Landsea Homes will post 1.4 earnings per share for the current fiscal year.

Insider Transactions at Landsea Homes

In related news, major shareholder Holdings Corp Landsea sold 2,800,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $11.60, for a total transaction of $32,480,000.00. Following the sale, the insider now directly owns 16,940,729 shares of the company’s stock, valued at approximately $196,512,456.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Landsea Homes news, COO Michael Forsum bought 17,241 shares of Landsea Homes stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $11.60 per share, with a total value of $199,995.60. Following the acquisition, the chief operating officer now owns 446,682 shares in the company, valued at $5,181,511.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holdings Corp Landsea sold 2,800,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $11.60, for a total value of $32,480,000.00. Following the completion of the transaction, the insider now owns 16,940,729 shares of the company’s stock, valued at approximately $196,512,456.40. The disclosure for this sale can be found here. Insiders purchased a total of 20,430 shares of company stock valued at $236,988 in the last quarter. 66.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Landsea Homes

Institutional investors have recently modified their holdings of the business. Byrne Asset Management LLC bought a new position in Landsea Homes during the 3rd quarter valued at about $26,000. AJOVista LLC purchased a new position in shares of Landsea Homes during the fourth quarter valued at approximately $64,000. Quarry LP bought a new position in Landsea Homes during the fourth quarter valued at approximately $90,000. LSV Asset Management purchased a new stake in Landsea Homes in the fourth quarter worth approximately $135,000. Finally, New York State Common Retirement Fund grew its position in Landsea Homes by 3,727.9% in the 4th quarter. New York State Common Retirement Fund now owns 10,718 shares of the company’s stock worth $141,000 after purchasing an additional 10,438 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.