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Landsea Homes (LSEA) Unveils New Offering Under Landsea Elements
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Landsea Homes Corporation (LSEA - Free Report) launched Landsea Insurance Agency, the new addition to its extensive array of financial services under Landsea Elements.
Landsea Insurance Agency offers end-to-end support to the company's homebuyers, which will make availing insurance by homeowners fast and hassle-free. Together with Westwood Insurance Agency, this new full-service financial offering provides a diverse line of products and aligns with LSEA’s commitment to providing exclusive services and expert resources that are best suited for individual needs.
Landsea Homes is optimistic about this new financial service offering because it believes that in collaboration with the country’s top insurance companies and each homebuyer's mortgage company, Landsea Insurance Agency will offer the best insurance coverage at the most competitive prices.
Shares of LSEA dwindled 1.7% during the trading hours on Apr 16.
Other Strategic Initiatives Bode Well
Apart from focusing on financial offerings, Landsea Homes facilitates other strategic initiatives to spark its growth momentum. The strategic initiatives are aligned with the company’s business priorities, which include increasing scale through organic and inorganic growth moves, opting for an asset-light business model, expanding geographic footprint in the country, and continuing to focus on improving cycle times and additional cost reductions.
LSEA intently believes in improving its profitability and returns through accretive acquisitions. Focusing on acquisitions, Landsea Homes consistently searches for acquisition targets that fit best with its asset-light model, thus increasing its growth prospects.
On Oct 19, 2023, LSEA announced its expansion into the Colorado housing market by acquiring the assets and lot inventory of Richfield Homes. With this acquisition, the company entered its seventh homebuilding market, thus showcasing a notable presence in one of the best housing markets in the country.
Image Source: Zacks Investment Research
Thanks to these tailwinds, shares of this publicly traded residential homebuilder hiked 82.3% in the past year against the Zacks Real Estate - Development industry’s 9.7% decline.
Zacks Rank & Key Picks
Landsea currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Zacks Finance sector.
COIN has a trailing four-quarter earnings surprise of a whopping 377.6%, on average. The stock has surged 217.3% in the past year. The Zacks Consensus Estimate for COIN’s 2024 sales and earnings per share (EPS) suggests rises of 45.7% and 559.5%, respectively, from the year-ago period’s levels.
The Progressive Corporation (PGR - Free Report) currently sports a Zacks Rank of 1. PGR has a trailing four-quarter earnings surprise of 5%, on average. The stock has increased 51.3% in the past year.
The Zacks Consensus Estimate for PGR’s 2024 sales and EPS suggests growth of 17.2% and 81.5%, respectively, from the year-ago period’s levels.
T. Rowe Price Group, Inc. (TROW - Free Report) currently sports a Zacks Rank of 1. TROW has a trailing four-quarter earnings surprise of 13.3%, on average. The stock has inched down 0.8% in the past year.
The Zacks Consensus Estimate for TROW’s 2024 sales and EPS suggests growth of 7.2% and 7.1%, respectively, from the year-ago period’s levels.
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Landsea Homes (LSEA) Unveils New Offering Under Landsea Elements
Landsea Homes Corporation (LSEA - Free Report) launched Landsea Insurance Agency, the new addition to its extensive array of financial services under Landsea Elements.
Landsea Insurance Agency offers end-to-end support to the company's homebuyers, which will make availing insurance by homeowners fast and hassle-free. Together with Westwood Insurance Agency, this new full-service financial offering provides a diverse line of products and aligns with LSEA’s commitment to providing exclusive services and expert resources that are best suited for individual needs.
Landsea Homes is optimistic about this new financial service offering because it believes that in collaboration with the country’s top insurance companies and each homebuyer's mortgage company, Landsea Insurance Agency will offer the best insurance coverage at the most competitive prices.
Shares of LSEA dwindled 1.7% during the trading hours on Apr 16.
Other Strategic Initiatives Bode Well
Apart from focusing on financial offerings, Landsea Homes facilitates other strategic initiatives to spark its growth momentum. The strategic initiatives are aligned with the company’s business priorities, which include increasing scale through organic and inorganic growth moves, opting for an asset-light business model, expanding geographic footprint in the country, and continuing to focus on improving cycle times and additional cost reductions.
LSEA intently believes in improving its profitability and returns through accretive acquisitions. Focusing on acquisitions, Landsea Homes consistently searches for acquisition targets that fit best with its asset-light model, thus increasing its growth prospects.
On Oct 19, 2023, LSEA announced its expansion into the Colorado housing market by acquiring the assets and lot inventory of Richfield Homes. With this acquisition, the company entered its seventh homebuilding market, thus showcasing a notable presence in one of the best housing markets in the country.
Image Source: Zacks Investment Research
Thanks to these tailwinds, shares of this publicly traded residential homebuilder hiked 82.3% in the past year against the Zacks Real Estate - Development industry’s 9.7% decline.
Zacks Rank & Key Picks
Landsea currently carries a Zacks Rank #3 (Hold).
Here are some better-ranked stocks from the Zacks Finance sector.
Coinbase Global, Inc. (COIN - Free Report) sports a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
COIN has a trailing four-quarter earnings surprise of a whopping 377.6%, on average. The stock has surged 217.3% in the past year. The Zacks Consensus Estimate for COIN’s 2024 sales and earnings per share (EPS) suggests rises of 45.7% and 559.5%, respectively, from the year-ago period’s levels.
The Progressive Corporation (PGR - Free Report) currently sports a Zacks Rank of 1. PGR has a trailing four-quarter earnings surprise of 5%, on average. The stock has increased 51.3% in the past year.
The Zacks Consensus Estimate for PGR’s 2024 sales and EPS suggests growth of 17.2% and 81.5%, respectively, from the year-ago period’s levels.
T. Rowe Price Group, Inc. (TROW - Free Report) currently sports a Zacks Rank of 1. TROW has a trailing four-quarter earnings surprise of 13.3%, on average. The stock has inched down 0.8% in the past year.
The Zacks Consensus Estimate for TROW’s 2024 sales and EPS suggests growth of 7.2% and 7.1%, respectively, from the year-ago period’s levels.