Landsea Homes Corporation designs, constructs, markets, and sells suburban and urban single-family detached and attached homes in California, Arizona, and Metro New York. It offers a range of properties, including entry-level and first-time move-up homes. The company was incorporated in 2017 and is headquartered in Newport Beach, California. Landsea Homes Corporation is a subsidiary of Landsea Green Properties Co., Ltd.
IPO Year: 2018
Exchange: NASDAQ
Website: landseahomes.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/31/2024 | $14.00 | Outperform | Oppenheimer |
6/23/2023 | $16.00 | Neutral | Wedbush |
9/15/2022 | Neutral | BTIG Research |
Ecobee smart doorbell camera, energy-efficient windows, and WaterSense fixtures for enhanced water efficiency now standard High Performance Homes provide a healthy lifestyle, connected living, ease, security, and privacy for homeowners' overall well-beingDALLAS, Jan. 14, 2025 /PRNewswire/ -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, today introduced several new features that are new standard offerings as part of its industry-leading High Performance Home program. "We have adopted several new technolog
New townhomes will offer affordable high-quality housing in desirable region of Orange County PLACENTIA, Calif., Jan. 9, 2025 /PRNewswire/ -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 39 new homesites, which will serve as an extension of its existing Hudson community in Placentia in North Orange County, California. Hudson is a gated community of row and back-to-back townhomes that emulate a Dutch woonerf design concept which embraces the idea of a "living street"
Attainably 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. "The addition of these new homesites in Cherry Meadows expands Landsea Homes' presence in Brighton, which has proven to be a very popular and high-demand city," said Lisa Wiebelhaus, Colorado Division President, Landsea Homes.
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 purcha
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
New office space in Irving will accommodate growing number of division employees Conveniently located near company's communities and important employment basesSpace is currently under construction with move-in expected in Spring 2025DALLAS, 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
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. About Landsea Homes Corporation Landsea
Net income increased 29% to $11.1 million or $0.30 per share, a 36% increaseAdjusted net income increased 36% to $15.9 million or $0.44 per share, a 47% increaseHome sales revenue increased 26.2% to $325.6 millionNew home deliveries increased 40% to 629 homesNet new home orders of 626 increased 28.8%Home sales gross margin of 17.1%, adjusted home sales gross margin of 22.8%Book value per share of $18.27 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
- 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 opportuni
DALLAS, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) announced today that the company will release its results for the third quarter of 2024 before the market opens on Monday, November 4, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session. Conference Call Details:Date: Monday, November 4, 2024Time: 10:00 AM Eastern TimeToll-free dial-in number: 800-274-8461International dial-in number: 203-518-9814 Replay Details:Toll-free replay number: 844-512-2921International replay number: 412-317-6671Replay ID: 11157369 The conference call will also be broadca
Oppenheimer initiated coverage of Landsea Homes with a rating of Outperform and set a new price target of $14.00
Wedbush initiated coverage of Landsea Homes with a rating of Neutral and set a new price target of $16.00
BTIG Research initiated coverage of Landsea Homes with a rating of Neutral
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Longtime land development executive, Aubrey Dym, will oversee land acquisition and strategy DALLAS, May 20, 2024 /PRNewswire/ -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today it has appointed Aubrey Dym as Vice President of Land for the company's growing Dallas-Fort Worth division. "Aubrey's experience speaks for itself. She brings a unique strategic perspective and enthusiasm for success that will serve our Dallas-Fort Worth division well as we work to expand our footprint and become o
– Loreen Spencer and Susan Lattmann Join Board – – Robin Hensley Retires after 23 Years of Service – ST. PETERSBURG, FLA., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ:SGC), today announced the appointment of Loreen Spencer and Susan Lattmann to its Board of Directors, effective February 12, 2024. Spencer brings to SGC a wealth of audit, accounting, financial and governance expertise. Spencer is a Certified Public Accountant, and from 1987 until her retirement in 2016, was an Audit Partner for Deloitte & Touche LLP. Since 2017 she has served on the Board of Directors and the Audit & Risk Committee of Raymond James Bank, a banking subsidiary of Raymond J
Texas Legal Expert Brings Over 20 Years of Experience to Senior Leadership Team DALLAS, Jan. 3, 2024 /PRNewswire/ -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Kelly Rentzel has joined the company's senior leadership team as General Counsel. "We are very pleased to welcome Kelly to Landsea Homes as our new General Counsel," said John Ho, Chief Executive Officer, Landsea Homes. "Her strong ties throughout Texas, breadth of legal and financial services acumen, and deep background in
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Net income increased 29% to $11.1 million or $0.30 per share, a 36% increaseAdjusted net income increased 36% to $15.9 million or $0.44 per share, a 47% increaseHome sales revenue increased 26.2% to $325.6 millionNew home deliveries increased 40% to 629 homesNet new home orders of 626 increased 28.8%Home sales gross margin of 17.1%, adjusted home sales gross margin of 22.8%Book value per share of $18.27 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
DALLAS, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) announced today that the company will release its results for the third quarter of 2024 before the market opens on Monday, November 4, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session. Conference Call Details:Date: Monday, November 4, 2024Time: 10:00 AM Eastern TimeToll-free dial-in number: 800-274-8461International dial-in number: 203-518-9814 Replay Details:Toll-free replay number: 844-512-2921International replay number: 412-317-6671Replay ID: 11157369 The conference call will also be broadca
Home sales revenue increased 43.5% to $418.2 millionNet new home orders of 760 increased 34.5%Net income of $2.9 million or $0.08 per shareAdjusted net income of $13.3 million or $0.36 per share, a 9% increaseHome sales gross margin of 14.9%, 21.1% on an adjusted basisBook value per share of $17.94 DALLAS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company") announced today financial results for the second quarter ended June 30, 2024. For the quarter, the Company reported pretax income of $4.6 million, and net income of $2.9 million, or $0.08 per share. Reported income for the quarter includes a $5.2 million or
DALLAS, July 11, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) announced today that the company will release its results for the second quarter of 2024 before the market opens on Thursday, August 1, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session. Conference Call Details:Date: Thursday, August 1, 2024Time: 10:00 AM Eastern TimeToll-free dial-in number: 800-274-8461International dial-in number: 203-518-9814 Replay Details:Toll-free replay number: 844-512-2921International replay number: 412-317-6671Replay ID: 11156580 The conference call will also be broadc
First Quarter 2024 Highlights First quarter net new home orders of 612, a 23% year-over-year increaseTotal revenue of $294.0 million, driven by 505 home closings at an average price of $579,000Adjusted EBITDA of $17.0 millionBook value per share of $17.92Repurchased approximately 534,000 shares of common stock for $6.4 million DALLAS, May 01, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded homebuilder, reported financial results for the first quarter ended March 31, 2024. For the quarter, the Company reported pretax income of $0.7 million, and net income of $0.2 million, or $0.01 per share. Excluding one-t
DALLAS, April 10, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) announced today that the company will release its results for the first quarter of 2024 before the market opens on Wednesday, May 1, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session. Conference Call Details:Date: Wednesday, May 1, 2024Time: 10:00 AM Eastern TimeToll-free dial-in number: 1-877-704-4453International dial-in number: 1-201-389-0920 Replay Details:Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Replay ID: 13745940 The conference call will also be br
Fourth Quarter Net New Home Orders, up 352%Full Year Total Revenue of $1.21 billionFourth Quarter Home sales revenue of $379.7 million, driven by 664 home closings at an average price of $572,000Fourth Quarter Net income of $12.5 million, or $0.33 per diluted shareFull Year Net Income of $29.2 million or $0.75 per diluted shareEntered Colorado marketYear-end book value per share of $17.88, an 11.4% increase DALLAS, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded homebuilder, reported financial results for the fourth quarter and full year ended December 31, 2023. For the quarter, the Company reported pretax i
DALLAS, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) announced today that the company will release its results for the fourth quarter of 2023 before the market opens on Thursday, February 29, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session. Conference Call Details:Date: Thursday, February 29, 2024Time: 10:00 AM Eastern TimeToll-free dial-in number: 1-877-704-4453International dial-in number: 1-201-389-0920 Replay Details:Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Replay ID: 13744526 The conference call will
The new community will consist of 45 single-family homes in Manor, Texas just outside of downtown Austin MANOR, Texas, Jan. 23, 2024 /PRNewswire/ -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the purchase of 45 finished homesites at the Village at Manor Commons master planned community in the increasingly popular city of Manor, Texas. "We continue to expand both our presence and portfolio with new homesites in Texas and this new community in Manor will bring homebuyers closer in with m
Third Quarter 2023 Highlights Net income attributable to Landsea Homes of $8.6 million, or $0.22 per diluted sharePretax income of $12.5 millionTotal revenue of $277.3 millionAdjusted Net Income of $11.7 million, or $0.30 per diluted shareNet new home orders of 486, an 89% year-over-year increaseAdjusted EBITDA of $28.7 millionBook value per share of $17.28Repurchased 1,392,000 shares of common stock for $13.7 million DALLAS, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ:LSEA) ("Landsea Homes" or the "Company"), a publicly traded homebuilder, reported financial results for the third quarter ended September