Thrivent Financial for Lutherans Has $1.95 Million Position in LGI Homes, Inc. (NASDAQ:LGIH)

Thrivent Financial for Lutherans lessened its stake in shares of LGI Homes, Inc. (NASDAQ:LGIH – Get Rating) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,023 shares of the financial services provider’s stock after selling 148 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of LGI Homes worth $1,947,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MCF Advisors LLC bought a new stake in LGI Homes in the 4th quarter valued at $26,000. Wipfli Financial Advisors LLC acquired a new stake in LGI Homes in the 3rd quarter worth about $28,000. Quadrant Capital Group LLC grew its position in shares of LGI Homes by 125.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 901 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 501 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of LGI Homes during the third quarter worth approximately $83,000. Finally, Covestor Ltd raised its position in shares of LGI Homes by 130.7% in the first quarter. Covestor Ltd now owns 1,029 shares of the financial services provider’s stock valued at $101,000 after buying an additional 583 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LGIH. JMP Securities dropped their price objective on LGI Homes from $140.00 to $130.00 and set a “market perform” rating for the company in a report on Tuesday, February 28th. Wedbush cut their price objective on shares of LGI Homes from $91.00 to $89.00 and set a “neutral” rating for the company in a research report on Wednesday, April 12th. StockNews.com began coverage on shares of LGI Homes in a report on Thursday. They issued a “sell” rating on the stock. JPMorgan Chase & Co. cut their price target on shares of LGI Homes from $84.00 to $79.00 and set an “underweight” rating for the company in a report on Thursday, February 23rd. Finally, BTIG Research lifted their price objective on shares of LGI Homes from $73.00 to $77.00 in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $93.00.

LGI Homes Price Performance

LGIH stock opened at $121.70 on Friday. LGI Homes, Inc. has a 1 year low of $71.73 and a 1 year high of $126.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.82 and a quick ratio of 0.25. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 10.46 and a beta of 1.69. The company has a 50 day simple moving average of $113.02 and a 200 day simple moving average of $105.69.

LGI Homes (NASDAQ:LGIH – Get Rating) last issued its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). LGI Homes had a return on equity of 17.08% and a net margin of 12.24%. The firm had revenue of $487.40 million for the quarter, compared to the consensus estimate of $467.54 million. During the same quarter in the prior year, the firm earned $3.25 EPS. The company’s revenue was down 10.7% on a year-over-year basis. Research analysts anticipate that LGI Homes, Inc. will post 7.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Charles Michael Merdian sold 13,950 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $104.39, for a total transaction of $1,456,240.50. Following the completion of the transaction, the chief financial officer now owns 15,482 shares of the company’s stock, valued at $1,616,165.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Charles Michael Merdian sold 13,950 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $104.39, for a total value of $1,456,240.50. Following the sale, the chief financial officer now directly owns 15,482 shares of the company’s stock, valued at approximately $1,616,165.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Eric Thomas Lipar sold 38,373 shares of LGI Homes stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $104.39, for a total transaction of $4,005,757.47. Following the transaction, the chief executive officer now directly owns 605,796 shares of the company’s stock, valued at approximately $63,239,044.44. The disclosure for this sale can be found here. Insiders have sold a total of 86,210 shares of company stock worth $8,999,462 in the last ninety days. Company insiders own 12.40% of the company’s stock.

LGI Homes Company Profile

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LGI Homes, Inc engages in the design, construction, marketing, and sale of new homes. It focuses on the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, Midwest, Mid-Atlantic, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.