Cwm LLC Has $103,000 Stock Position in LGI Homes, Inc. (NASDAQ:LGIH)

Cwm LLC grew its stake in shares of LGI Homes, Inc. (NASDAQ:LGIHFree Report) by 27.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 867 shares of the financial services provider’s stock after buying an additional 187 shares during the quarter. Cwm LLC’s holdings in LGI Homes were worth $103,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LGIH. Louisiana State Employees Retirement System grew its position in LGI Homes by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock worth $922,000 after acquiring an additional 100 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of LGI Homes by 32.5% during the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 108 shares during the last quarter. Arizona State Retirement System increased its stake in shares of LGI Homes by 1.9% in the second quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock valued at $532,000 after buying an additional 112 shares during the period. Sei Investments Co. raised its holdings in LGI Homes by 3.3% in the 1st quarter. Sei Investments Co. now owns 3,970 shares of the financial services provider’s stock valued at $462,000 after buying an additional 126 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in LGI Homes by 5.5% in the 1st quarter. Inspire Investing LLC now owns 3,037 shares of the financial services provider’s stock valued at $353,000 after buying an additional 159 shares during the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Stock Performance

Shares of LGIH stock opened at $102.80 on Friday. The stock has a market capitalization of $2.42 billion, a PE ratio of 12.49 and a beta of 1.95. The business’s 50 day simple moving average is $110.99 and its 200 day simple moving average is $102.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 12.63 and a quick ratio of 0.49. LGI Homes, Inc. has a one year low of $84.00 and a one year high of $136.89.

LGI Homes (NASDAQ:LGIHGet Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.24. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The company had revenue of $602.50 million for the quarter, compared to analyst estimates of $617.44 million. During the same period in the prior year, the firm posted $2.25 EPS. The company’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, research analysts forecast that LGI Homes, Inc. will post 8.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wedbush restated a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their price objective on shares of LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, LGI Homes currently has a consensus rating of “Hold” and a consensus price target of $126.00.

Read Our Latest Stock Report on LGI Homes

LGI Homes Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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