Added to YB: 2024-09-20
Pitch date: 2024-06-30
LSEA [bullish]
Landsea Homes Corporation
+22.8%
current return
Author Info
No bio for this author
Company Info
Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in Arizona, California, Colorado, Florida, Texas, and Metro New York.
Market Cap
$408.2M
Pitch Price
$9.21
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.44
P/E
42.79
EV/Sales
0.72
Sector
Household Durables
Category
value
Wasatch Global Investors Micro-Cap Growth-U.S. Strategy Portfolio Holding: Landsea Homes Corporation
LSEA: Homebuilder hit by high mortgage rates, offering higher buyer incentives at expense of margins. Targeting affordable homes near major metros in fast-growing regions. Stock trades at 0.7x book value, ~50% discount to peers. Recent mgmt meeting & community tour in Texas as co diversifies from CA core.
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