LGI Homes (NASDAQ:LGIH) Stock Rating Lowered by StockNews.com

LGI Homes (NASDAQ:LGIH) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other equities research analysts also recently issued reports about the stock. JMP Securities reissued a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a research report on Friday, April 5th. Wedbush reiterated an “underperform” rating and set a $74.00 target price (down previously from $88.00) on shares of LGI Homes in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, LGI Homes has an average rating of “Hold” and an average target price of $110.50.

LGI Homes Trading Up 4.8 %

NASDAQ:LGIH opened at $96.73 on Friday. LGI Homes has a 12-month low of $84.15 and a 12-month high of $141.91. The firm has a market cap of $2.28 billion, a PE ratio of 12.09 and a beta of 1.86. The company has a current ratio of 12.36, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $104.84 and a 200 day moving average price of $113.50.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.30). LGI Homes had a net margin of 8.37% and a return on equity of 10.43%. The company had revenue of $390.90 million during the quarter, compared to analysts’ expectations of $400.00 million. During the same quarter in the previous year, the business posted $1.14 EPS. The business’s quarterly revenue was down 19.8% compared to the same quarter last year. Sell-side analysts anticipate that LGI Homes will post 9.16 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Michael Larry Snider sold 7,993 shares of LGI Homes stock in a transaction on Monday, March 11th. The shares were sold at an average price of $110.06, for a total transaction of $879,709.58. Following the sale, the chief operating officer now directly owns 19,016 shares in the company, valued at approximately $2,092,900.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Charles Michael Merdian sold 6,361 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $712,113.95. Following the completion of the sale, the chief financial officer now directly owns 9,458 shares of the company’s stock, valued at $1,058,823.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael Larry Snider sold 7,993 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $110.06, for a total transaction of $879,709.58. Following the transaction, the chief operating officer now owns 19,016 shares in the company, valued at $2,092,900.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,435 shares of company stock worth $2,944,291. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of LGI Homes

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in shares of LGI Homes in the fourth quarter valued at about $38,000. First Horizon Advisors Inc. raised its stake in LGI Homes by 35.8% during the 4th quarter. First Horizon Advisors Inc. now owns 353 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 93 shares during the last quarter. Mather Group LLC. acquired a new stake in LGI Homes during the 1st quarter worth approximately $47,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of LGI Homes in the 1st quarter valued at approximately $52,000. Finally, RiverPark Advisors LLC acquired a new position in shares of LGI Homes in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

About LGI Homes

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 large institutions looking to acquire single-family rental properties.