LGI Homes, Inc. (NASDAQ:LGIH) Given Average Rating of “Hold” by Brokerages

Shares of LGI Homes, Inc. (NASDAQ:LGIHGet Free Report) have been assigned an average rating of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $114.00.

A number of research analysts have recently weighed in on the stock. Wedbush dropped their price objective on shares of LGI Homes from $97.00 to $88.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. JMP Securities reissued a “market outperform” rating and issued a $160.00 target price on shares of LGI Homes in a research report on Tuesday, February 27th. StockNews.com lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a research note on Thursday, February 29th. Finally, Seaport Res Ptn lowered shares of LGI Homes from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th.

Read Our Latest Research Report on LGIH

Insiders Place Their Bets

In other LGI Homes news, Director Steven Randal Smith sold 1,490 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $132.14, for a total transaction of $196,888.60. Following the sale, the director now directly owns 1,221 shares in the company, valued at $161,342.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LGIH. Goldman Sachs Group Inc. raised its holdings in LGI Homes by 51.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 563,123 shares of the financial services provider’s stock worth $75,960,000 after purchasing an additional 190,075 shares during the last quarter. Bank of America Corp DE grew its position in shares of LGI Homes by 173.6% during the 1st quarter. Bank of America Corp DE now owns 167,427 shares of the financial services provider’s stock worth $19,092,000 after buying an additional 106,232 shares during the period. Dimensional Fund Advisors LP grew its position in shares of LGI Homes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,354,508 shares of the financial services provider’s stock worth $182,706,000 after buying an additional 99,885 shares during the period. CDAM UK Ltd grew its position in shares of LGI Homes by 14.7% during the 4th quarter. CDAM UK Ltd now owns 674,960 shares of the financial services provider’s stock worth $89,878,000 after buying an additional 86,265 shares during the period. Finally, Barclays PLC grew its position in shares of LGI Homes by 213.0% during the 3rd quarter. Barclays PLC now owns 125,904 shares of the financial services provider’s stock worth $12,525,000 after buying an additional 85,682 shares during the period. Institutional investors own 89.43% of the company’s stock.

LGI Homes Trading Down 2.7 %

LGIH stock opened at $111.95 on Thursday. LGI Homes has a 12-month low of $84.15 and a 12-month high of $141.91. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 13.30 and a beta of 1.83. The business’s 50-day moving average is $122.20 and its 200 day moving average is $115.15. The company has a current ratio of 10.66, a quick ratio of 0.42 and a debt-to-equity ratio of 0.67.

LGI Homes (NASDAQ:LGIHGet Free Report) last posted its earnings results on Tuesday, February 20th. The financial services provider reported $2.19 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.35). The business had revenue of $608.41 million during the quarter, compared to analysts’ expectations of $663.95 million. LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $1.45 EPS. On average, sell-side analysts anticipate that LGI Homes will post 9.29 EPS for the current fiscal year.

About LGI Homes

(Get Free Report

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 institutions looking to acquire single-family rental properties.

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