LGI Homes Inc (NASDAQ:LGIH) has received an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $61.88.
LGIH has been the topic of several recent analyst reports. Wells Fargo & Co raised LGI Homes from a “market perform” rating to an “outperform” rating in a research report on Monday, January 7th. ValuEngine lowered LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. BidaskClub upgraded LGI Homes from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Finally, JMP Securities reiterated a “buy” rating and set a $68.00 target price on shares of LGI Homes in a research note on Wednesday, March 6th.
Shares of NASDAQ:LGIH traded up $2.06 during trading on Friday, hitting $58.19. 461,412 shares of the company were exchanged, compared to its average volume of 337,915. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.57. LGI Homes has a fifty-two week low of $37.16 and a fifty-two week high of $81.88. The company has a quick ratio of 1.61, a current ratio of 15.92 and a debt-to-equity ratio of 1.00.
LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, February 26th. The financial services provider reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.03). The company had revenue of $425.20 million for the quarter, compared to analyst estimates of $429.46 million. LGI Homes had a return on equity of 26.36% and a net margin of 10.32%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. As a group, analysts anticipate that LGI Homes will post 6.92 earnings per share for the current year.
In related news, insider Michael Larry Snider sold 16,670 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $60.05, for a total value of $1,001,033.50. Following the completion of the sale, the insider now directly owns 200,876 shares in the company, valued at approximately $12,062,603.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Thomas Lipar sold 40,478 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $56.76, for a total value of $2,297,531.28. Following the completion of the sale, the chief executive officer now owns 591,685 shares of the company’s stock, valued at $33,584,040.60. The disclosure for this sale can be found here. Insiders have sold a total of 119,259 shares of company stock valued at $6,839,542 over the last quarter. 13.60% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LGIH. Russell Investments Group Ltd. bought a new stake in LGI Homes in the 3rd quarter valued at $6,932,000. Wells Fargo & Company MN lifted its position in shares of LGI Homes by 17.6% during the 3rd quarter. Wells Fargo & Company MN now owns 44,486 shares of the financial services provider’s stock valued at $2,111,000 after acquiring an additional 6,648 shares during the period. Prudential Financial Inc. lifted its position in shares of LGI Homes by 108.9% during the 3rd quarter. Prudential Financial Inc. now owns 172,462 shares of the financial services provider’s stock valued at $8,181,000 after acquiring an additional 89,902 shares during the period. First Mercantile Trust Co. bought a new stake in shares of LGI Homes during the 3rd quarter valued at $126,000. Finally, Heartland Advisors Inc. lifted its position in shares of LGI Homes by 25.0% during the 3rd quarter. Heartland Advisors Inc. now owns 125,000 shares of the financial services provider’s stock valued at $5,930,000 after acquiring an additional 25,000 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.
LGI Homes Company Profile
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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