Landsea HomesLSEA
LSEA
About: Landsea Homes Corp is a homebuilding company. It designs and builds homes and sustainable master-planned communities in some of the nation's desirable markets. The company's segments include Arizona, California, Florida, Metro New York, and Texas. It derives a majority of revenue from home sales in Florida.
Employees: 499
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 3 (+2) [Q3]
100% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 14
66% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 29
40% more capital invested
Capital invested by funds: $159M [Q2] → $222M (+$62.9M) [Q3]
13% more funds holding
Funds holding: 105 [Q2] → 119 (+14) [Q3]
1.93% more ownership
Funds ownership: 47.72% [Q2] → 49.65% (+1.93%) [Q3]
16% less call options, than puts
Call options by funds: $636K | Put options by funds: $760K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$18
104%
upside
Avg. target
$18
104%
upside
High target
$18
104%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
B. Riley Securities Alex Rygiel 49% 1-year accuracy 17 / 35 met price target | 104%upside $18 | Buy Reiterated | 5 Nov 2024 |
Financial journalist opinion
Based on 3 articles about LSEA published over the past 30 days
Neutral
PRNewsWire
1 week ago
LANDSEA HOMES CLOSES ON 32 HOMESITES IN THE CHERRY MEADOWS MASTER-PLANNED COMMUNITY IN BRIGHTON, COLORADO
A ttainably priced High Performance Homes coming soon to Denver suburb BRIGHTON, Colo. , Dec. 9, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 32 homesites in the Cherry Meadows master-planned community in Brighton, Colorado.
Neutral
GlobeNewsWire
2 weeks ago
Landsea Homes Corporation Announces Pricing of Public Secondary Offering
DALLAS, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, today announced the pricing of an underwritten public offering of 6,086,957 shares of its common stock being sold by selling stockholders of the Company, Landsea Holdings Corporation and Ever Fast Holdings Limited, at a public offering price of $10.25 per share, for total gross proceeds of approximately $62.4 million to the selling stockholders, before deducting underwriting discounts and commissions and offering expenses (the “Offering”). In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 913,043 shares of the Company's common stock at the public offering price, less underwriting discounts and commissions. The Company is not selling any shares of common stock in the Offering. The Offering is expected to close on or about December 9, 2024, subject to customary closing conditions.
Neutral
GlobeNewsWire
2 weeks ago
Landsea Homes Corporation Announces Proposed Secondary Offering of Common Stock
DALLAS, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, today announced the commencement of an underwritten public offering of 5,043,480 shares of its common stock to be offered by selling stockholders of the Company (collectively, the “Offering”). The selling stockholders also expect to grant the underwriters a 30-day option to purchase up to an additional 756,520 shares of common stock. The Company is not selling any shares of common stock in the proposed Offering. The proposed Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
Neutral
PRNewsWire
1 month ago
LANDSEA HOMES SIGNS 14,725-SQUARE-FOOT OFFICE LEASE FOR DALLAS-FORT WORTH DIVISION HEADQUARTERS
New office space in Irving will accommodate growing number of division employees Conveniently located near company's communities and important employment bases Space is currently under construction with move-in expected in Spring 2025 DALLAS , Nov. 18, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, has signed a 14,725-square-foot long-term lease at Tower 1320 in Irving, Texas, which will serve as the company's Dallas-Fort Worth division headquarters, at 1320 Greenway Drive. "Our division is continuing to grow, and this move demonstrates our strong commitment to this important market for Landsea Homes," said Melissa Kelly, Dallas-Fort Worth Division President, Landsea Homes.
Neutral
GlobeNewsWire
1 month ago
Landsea Homes to Present at the 16th Annual Southwest IDEAS Investor Conference in Dallas, Texas on Thursday, November 21
DALLAS, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ: LSEA) today announced that the company will present at the Southwest IDEAS Investor Conference on Thursday, November 21, 2024 at The Statler in Dallas, TX. Company's presentation is scheduled to begin at 11:30 AM local time (12:30 ET). The presentation will be webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/southwest and in the investor relations section of the company's website: https://ir.landseahomes.com/. A replay of the presentation will also be available on the company's website for 90 days following the event.
Neutral
Seeking Alpha
1 month ago
Landsea Homes Corp. (LSEA) Q3 2024 Earnings Call Transcript
Landsea Homes Corp. (NASDAQ:LSEA ) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Drew Mackintosh - Investor Relations John Ho - Chief Executive Officer Michael Forsum - President & Chief Operating Officer Christopher Porter - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays Carl Reichardt - BTIG Alexander Rygiel - B. Riley Securities James McCanless - Wedbush Operator Good day everyone and welcome to the Landsea Homes Corporation third Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
1 month ago
Landsea (LSEA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Landsea (LSEA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Landsea Homes (LSEA) Surpasses Q3 Earnings Estimates
Landsea Homes (LSEA) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.30 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Landsea Homes Reports Third Quarter 2024 Results
DALLAS, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) announced today financial results for the third quarter ended September 30, 2024. For the quarter, the Company reported pretax income of $14.9 million, and net income of $11.1 million, or $0.30 per share. Adjusted net income (a non-GAAP measure) was $15.9 million or $0.44 per share and adjusted gross margin was 22.8%. Reported pretax income for the prior year period was $12.5 million with net income of $8.6 million, or $0.22 per share. For the prior year period, adjusted net income was $11.7 million, or $0.30 per share and adjusted gross margin was 24.0%.
Neutral
PRNewsWire
2 months ago
LANDSEA HOMES ADDING MORE HOMES IN KYLE, TEXAS WITH NEW COMMUNITY, PARKTON SQUARE
- 210 New High Performance Homes Coming to Desirable Master Planned Community Close to Downtown Austin - Single-Family Homes and Attached Townhomes - Community Located at the Gateway of Texas Hill Country KYLE, Texas , Oct. 15, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, is bringing 210 new homes to a brand new community, Parkton Square, in Kyle, Texas. "Kyle is one of the fastest growing cities in the country, and we are pleased to provide more opportunities for homebuyers to live in their element at Parkton Square," said Jill Wasik, Director of Sales and Marketing, Landsea Homes, Austin.
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