LGI Homes, Inc. (NASDAQ:LGIH) Receives Consensus Recommendation of “Hold” from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $116.25.

Several research firms recently issued reports on LGIH. Seaport Res Ptn restated a “buy” rating on shares of LGI Homes in a report on Wednesday, June 14th. JPMorgan Chase & Co. boosted their target price on LGI Homes from $90.00 to $105.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a report on Friday, August 4th. Wedbush upped their price objective on LGI Homes from $89.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Finally, BTIG Research upped their price objective on LGI Homes from $77.00 to $103.00 in a report on Wednesday, August 2nd.

Institutional Trading of LGI Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LGIH. Altshuler Shaham Ltd raised its position in LGI Homes by 7,049.9% in the fourth quarter. Altshuler Shaham Ltd now owns 988,830 shares of the financial services provider’s stock valued at $91,566,000 after purchasing an additional 975,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of LGI Homes by 20.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,254,623 shares of the financial services provider’s stock worth $143,060,000 after acquiring an additional 209,872 shares during the period. Goldman Sachs Group Inc. increased its position in shares of LGI Homes by 51.0% during the second quarter. Goldman Sachs Group Inc. now owns 563,123 shares of the financial services provider’s stock worth $75,960,000 after acquiring an additional 190,075 shares during the period. Liontrust Investment Partners LLP purchased a new stake in shares of LGI Homes during the first quarter worth $16,602,000. Finally, Ampfield Management L.P. increased its position in shares of LGI Homes by 32.6% during the first quarter. Ampfield Management L.P. now owns 582,552 shares of the financial services provider’s stock worth $66,428,000 after acquiring an additional 143,296 shares during the period. Hedge funds and other institutional investors own 89.43% of the company’s stock.

LGI Homes Trading Up 2.1 %

LGIH stock opened at $119.44 on Thursday. The company has a current ratio of 8.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.61. LGI Homes has a 12-month low of $74.61 and a 12-month high of $141.91. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 13.74 and a beta of 1.76. The business’s 50-day moving average is $129.66 and its 200 day moving average is $120.30.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.35. LGI Homes had a return on equity of 12.30% and a net margin of 9.44%. The company had revenue of $645.70 million for the quarter, compared to analysts’ expectations of $638.05 million. During the same period in the previous year, the firm posted $5.20 EPS. LGI Homes’s revenue was down 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that LGI Homes will post 8.14 EPS for the current fiscal year.

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 institutions looking to acquire single-family rental properties.