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

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $116.25.

LGIH has been the subject of several research reports. JMP Securities boosted their target price on LGI Homes from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. StockNews.com cut LGI Homes from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. BTIG Research upgraded LGI Homes from a “sell” rating to a “neutral” rating in a research report on Monday, October 2nd. JPMorgan Chase & Co. boosted their price target on LGI Homes from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Finally, TheStreet cut LGI Homes from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th.

Hedge Funds Weigh In On LGI Homes

Several large investors have recently modified their holdings of the stock. Tudor Investment Corp Et Al lifted its holdings in LGI Homes by 154.8% in the third quarter. Tudor Investment Corp Et Al now owns 59,887 shares of the financial services provider’s stock worth $5,958,000 after acquiring an additional 36,379 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in LGI Homes by 3.4% in the third quarter. Public Employees Retirement System of Ohio now owns 36,571 shares of the financial services provider’s stock worth $3,638,000 after acquiring an additional 1,217 shares during the last quarter. Morgan Stanley lifted its holdings in LGI Homes by 9.0% in the third quarter. Morgan Stanley now owns 204,390 shares of the financial services provider’s stock worth $20,335,000 after acquiring an additional 16,951 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in LGI Homes by 24.6% in the third quarter. The Manufacturers Life Insurance Company now owns 10,351 shares of the financial services provider’s stock worth $1,030,000 after acquiring an additional 2,045 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in LGI Homes by 697.7% in the third quarter. GSA Capital Partners LLP now owns 22,719 shares of the financial services provider’s stock worth $2,260,000 after acquiring an additional 19,871 shares during the last quarter. Institutional investors own 89.43% of the company’s stock.

LGI Homes Trading Down 1.2 %

Shares of NASDAQ LGIH opened at $121.14 on Tuesday. LGI Homes has a twelve month low of $84.15 and a twelve month high of $141.91. The company has a current ratio of 9.31, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $102.69 and a 200-day simple moving average of $118.21. The stock has a market capitalization of $2.85 billion, a PE ratio of 15.77 and a beta of 1.80.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, October 31st. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.88. The firm had revenue of $617.50 million during the quarter, compared to analyst estimates of $625.30 million. LGI Homes had a return on equity of 10.58% and a net margin of 8.10%. LGI Homes’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business posted $3.85 earnings per share. On average, equities analysts forecast that LGI Homes will post 9.03 earnings per share for the current year.

About LGI Homes

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.