LGI Homes, Inc. (NASDAQ:LGIH) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH – Get Rating) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,044,751 shares of the financial services provider’s stock after purchasing an additional 138,878 shares during the period. Dimensional Fund Advisors LP owned 4.49% of LGI Homes worth $96,743,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. CDAM UK Ltd boosted its stake in LGI Homes by 3.2% during the 3rd quarter. CDAM UK Ltd now owns 595,926 shares of the financial services provider’s stock worth $48,491,000 after purchasing an additional 18,268 shares during the period. Goldman Sachs Group Inc. raised its position in LGI Homes by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 298,602 shares of the financial services provider’s stock worth $29,167,000 after buying an additional 18,692 shares during the last quarter. Bank of New York Mellon Corp raised its position in LGI Homes by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 211,461 shares of the financial services provider’s stock worth $17,207,000 after buying an additional 4,129 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in LGI Homes by 5.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 200,744 shares of the financial services provider’s stock worth $19,609,000 after buying an additional 10,906 shares during the last quarter. Finally, UBS Group AG raised its position in LGI Homes by 3.7% during the 1st quarter. UBS Group AG now owns 139,902 shares of the financial services provider’s stock worth $13,666,000 after buying an additional 4,938 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LGIH. BTIG Research upped their price objective on shares of LGI Homes from $73.00 to $77.00 in a research report on Wednesday, May 3rd. JMP Securities cut their price objective on shares of LGI Homes from $140.00 to $130.00 and set a “market perform” rating for the company in a research report on Tuesday, February 28th. Wedbush cut their price target on shares of LGI Homes from $91.00 to $89.00 and set a “neutral” rating for the company in a report on Wednesday, April 12th. StockNews.com assumed coverage on shares of LGI Homes in a report on Thursday, May 18th. They issued a “sell” rating for the company. Finally, 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. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $93.00.

Insider Buying and Selling

In other LGI Homes news, CFO Charles Michael Merdian sold 13,950 shares of LGI Homes stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 15,482 shares of the company’s stock, valued at $1,616,165.98. The sale was disclosed in a filing with the SEC, which is available at this link. In other LGI Homes news, CFO Charles Michael Merdian sold 13,950 shares of LGI Homes stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 15,482 shares of the company’s stock, valued at $1,616,165.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric Thomas Lipar sold 38,373 shares of LGI Homes stock in a transaction that occurred on Tuesday, February 28th. The shares were 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 in the company, valued at $63,239,044.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,210 shares of company stock valued at $8,999,462. Insiders own 12.40% of the company’s stock.

LGI Homes Price Performance

LGI Homes stock opened at $119.04 on Tuesday. LGI Homes, Inc. has a 12-month low of $71.73 and a 12-month high of $126.37. The stock has a market capitalization of $2.80 billion, a P/E ratio of 10.23 and a beta of 1.69. The firm’s 50-day moving average is $113.39 and its two-hundred day moving average is $106.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.82 and a quick ratio of 0.25.

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

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.