JMP Securities reissued their market outperform rating on shares of LGI Homes (NASDAQ:LGIH – Free Report) in a report published on Friday,Benzinga reports. They currently have a $160.00 target price on the financial services provider’s stock.
LGIH has been the topic of several other reports. Wedbush reissued a “neutral” rating and issued a $115.00 price objective (down from $125.00) on shares of LGI Homes in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on LGI Homes from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, December 13th.
Check Out Our Latest Stock Report on LGI Homes
LGI Homes Stock Performance
LGI Homes (NASDAQ:LGIH – Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $651.85 million during the quarter, compared to the consensus estimate of $645.27 million. During the same period in the previous year, the firm earned $2.84 earnings per share. LGI Homes’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts predict that LGI Homes will post 8.72 EPS for the current year.
Institutional Trading of LGI Homes
Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of LGI Homes in the third quarter worth about $43,000. KBC Group NV raised its position in shares of LGI Homes by 29.8% in the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 168 shares in the last quarter. CWM LLC boosted its stake in shares of LGI Homes by 27.5% during the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after buying an additional 187 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in shares of LGI Homes during the third quarter worth approximately $218,000. Finally, HighTower Advisors LLC bought a new stake in shares of LGI Homes in the third quarter worth $229,000. 84.89% of the stock is currently owned by institutional investors and hedge funds.
LGI Homes Company Profile
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.
Recommended Stories
- Five stocks we like better than LGI Homes
- Want to Profit on the Downtrend? Downtrends, Explained.
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- How to Plot Fibonacci Price Inflection Levels
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
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.