Thomas Hartfield Sells 5,000 Shares of Landsea Homes Co. (NASDAQ:LSEA) Stock

Landsea Homes Co. (NASDAQ:LSEA) Director Thomas Hartfield sold 5,000 shares of Landsea Homes stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $10.62, for a total transaction of $53,100.00. Following the completion of the sale, the director now owns 59,181 shares in the company, valued at approximately $628,502.22. This represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Thomas Hartfield also recently made the following trade(s):

• On Wednesday, November 6th, Thomas Hartfield sold 6,986 shares of Landsea Homes stock. The shares were sold at an average price of $11.15, for a total transaction of $77,893.90.

Landsea Homes Stock Up 0.6 %

LSEA stock opened at $11.54 on Thursday. Landsea Homes Co. has a 52 week low of $8.28 and a 52 week high of $14.91. The company has a market capitalization of $418.67 million, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.13. The firm’s 50-day moving average is $11.55 and its two-hundred day moving average is $10.97. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

LSEA has been the topic of several recent research reports. Wedbush lifted their price objective on shares of Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Oppenheimer lifted their price objective on shares of Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays boosted 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. Finally, B. Riley restated a “buy” rating and set a $18.00 price target (up from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On Landsea Homes

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Landsea Homes by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,050,926 shares of the company’s stock worth $9,658,000 after purchasing an additional 24,157 shares during the last quarter. Mill Road Capital Management LLC grew its stake in shares of Landsea Homes by 18.2% in the 3rd quarter. Mill Road Capital Management LLC now owns 912,857 shares of the company’s stock worth $11,274,000 after purchasing an additional 140,786 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Landsea Homes by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 774,128 shares of the company’s stock worth $11,248,000 after purchasing an additional 6,159 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Landsea Homes by 20.8% in the 3rd quarter. Wellington Management Group LLP now owns 694,900 shares of the company’s stock worth $8,582,000 after purchasing an additional 119,500 shares during the last quarter. Finally, First Washington CORP grew its stake in shares of Landsea Homes by 2.1% in the 2nd quarter. First Washington CORP now owns 668,971 shares of the company’s stock worth $6,148,000 after purchasing an additional 13,485 shares during the last quarter. Institutional investors and hedge funds 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.