Analysts Set LGI Homes, Inc. (NASDAQ:LGIH) Price Target at $126.00

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received an average rating of “Hold” from the four analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $126.00.

Separately, Wedbush reissued a “neutral” rating and set a $125.00 target price on shares of LGI Homes in a research report on Wednesday.

LGI Homes Stock Performance

NASDAQ LGIH opened at $109.67 on Tuesday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 13.33 and a beta of 1.97. LGI Homes has a twelve month low of $84.00 and a twelve month high of $136.89. The stock has a fifty day simple moving average of $110.53 and a 200 day simple moving average of $102.61. The company has a quick ratio of 0.49, a current ratio of 12.63 and a debt-to-equity ratio of 0.78.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $2.54 by $0.41. The company had revenue of $651.85 million during the quarter, compared to the consensus estimate of $645.27 million. LGI Homes had a return on equity of 10.45% and a net margin of 8.78%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $2.84 EPS. Sell-side analysts expect that LGI Homes will post 8.82 EPS for the current year.

Institutional Trading of LGI Homes

Several hedge funds have recently added to or reduced their stakes in LGIH. Altshuler Shaham Ltd increased its position in shares of LGI Homes by 5,860.2% during the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock valued at $40,696,000 after buying an additional 447,130 shares during the period. Khrom Capital Management LLC purchased a new stake in LGI Homes in the second quarter worth about $21,477,000. River Road Asset Management LLC lifted its stake in shares of LGI Homes by 45.9% in the third quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock worth $82,425,000 after buying an additional 218,923 shares in the last quarter. Bright Financial Advisors Inc. bought a new position in shares of LGI Homes in the first quarter worth approximately $12,260,000. Finally, Marshall Wace LLP lifted its stake in shares of LGI Homes by 51.8% in the second quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider’s stock worth $24,144,000 after buying an additional 92,081 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

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 large institutions looking to acquire single-family rental properties.