Insider Activity Report: Landsea Homes (LSEA)

Mollie Fadule, a director at Landsea Homes (LSEA), recently bought 10,000 shares. The buy increased her stake by 16%, and came to a total cost of $97,800.

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  • Fadule was one of several insiders who bought back in March, with an 8,621 share pickup. The company CEO and COO also bought about $200,000 of shares around the same time. Going further back, there have been some insider sales, largely from major holders of shares.

    Overall, Landsea insiders own 51% of shares.

    The homebuilder’s stock has rallied 50% over the past year. While the housing market for used homes has largely frozen up, homebuilders have been able to meet today’s strong demand. That’s allowed them to profit, even with interest rates at their highest levels in 15 years.

    Landsea is still a strong value, with shares trading at a 40% discount to their book value, and at less than one-third its price to sales. Plus, Landsea trades at 14 times earnings, a big discount to the overall market.

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  • Action to take: Investors may like shares here, and to add to that position on any further drop. Housing demand remains strong, and homebuilders are the best positioned to profit from today’s markets.

    For traders, shares look ready to trend higher after their recent pullback. The August $10 calls, last trading for about $0.90, are already about $0.20 in-the-money.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.

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