BTIG analyst Carl Reichardt has maintained their neutral stance on LSEA stock, giving a Hold rating on May 13.
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Carl Reichardt has given his Hold rating due to a combination of factors impacting Landsea Homes. The company’s recent earnings report showed a loss per share that was worse than expected, driven by lower average selling prices, weaker margins, and higher selling, general, and administrative expenses relative to sales. Despite stronger deliveries, new home demand remains inconsistent, with stable traffic but hesitant buyers.
Additionally, Landsea Homes is in the process of being acquired by The New Home Co., which has influenced its stock price to rise significantly, now nearing the acquisition price. Although the merger is expected to close in the third quarter of 2025, the company’s financial outlook has been adjusted downward for the coming years. The valuation of Landsea Homes is currently at 0.6 times its book value per share, and BTIG does not provide price targets for stocks rated as Neutral.
According to TipRanks, Reichardt is a 5-star analyst with an average return of 15.2% and a 56.92% success rate. Reichardt covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, PulteGroup, and Tri Pointe.