LGI Homes, Inc. (NASDAQ:LGIH) Receives $102.33 Average PT from Brokerages

Shares of LGI Homes, Inc. (NASDAQ:LGIHGet Rating) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $102.33.

LGIH has been the subject of a number of recent research reports. StockNews.com upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a report on Wednesday. JMP Securities cut their price objective on shares of LGI Homes from $175.00 to $140.00 and set a “market outperform” rating for the company in a report on Wednesday. BTIG Research upgraded shares of LGI Homes from a “sell” rating to a “neutral” rating in a report on Wednesday, April 20th. JPMorgan Chase & Co. cut their price objective on shares of LGI Homes from $85.00 to $77.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Finally, Wells Fargo & Company cut their price target on shares of LGI Homes from $108.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, June 17th.

LGI Homes Stock Down 2.5 %

LGIH opened at $108.15 on Wednesday. LGI Homes has a twelve month low of $71.73 and a twelve month high of $165.91. The company has a quick ratio of 0.86, a current ratio of 13.59 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $95.63 and a 200 day moving average price of $104.51. The company has a market cap of $2.56 billion, a PE ratio of 6.35 and a beta of 1.57.

LGI Homes (NASDAQ:LGIHGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $5.20 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.67. The firm had revenue of $723.07 million during the quarter, compared to the consensus estimate of $715.65 million. LGI Homes had a net margin of 14.67% and a return on equity of 29.21%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.71 EPS. Sell-side analysts expect that LGI Homes will post 19.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ryan Edone acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was purchased at an average price of $82.38 per share, with a total value of $82,380.00. Following the transaction, the director now owns 26,778 shares of the company’s stock, valued at approximately $2,205,971.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LGI Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its position in LGI Homes by 20.0% in the 4th quarter. Strs Ohio now owns 600 shares of the financial services provider’s stock valued at $92,000 after buying an additional 100 shares during the period. Meitav Dash Investments Ltd. lifted its position in shares of LGI Homes by 5.0% during the 4th quarter. Meitav Dash Investments Ltd. now owns 2,520 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 120 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of LGI Homes by 1.3% during the 1st quarter. State of Tennessee Treasury Department now owns 10,612 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 132 shares during the last quarter. Brookstone Capital Management raised its stake in LGI Homes by 3.8% during the 1st quarter. Brookstone Capital Management now owns 3,668 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 134 shares in the last quarter. Finally, CWM LLC raised its stake in LGI Homes by 22.9% during the 1st quarter. CWM LLC now owns 752 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

LGI Homes Company Profile

(Get Rating)

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to companies looking to acquire single-family rental properties.

Further Reading

Want More Great Investing Ideas?

Receive News & Ratings for LGI Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LGI Homes and related companies with MarketBeat.com's FREE daily email newsletter.