Stifel Financial Corp Purchases 211 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Stifel Financial Corp grew its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,883 shares of the financial services provider’s stock after acquiring an additional 211 shares during the period. Stifel Financial Corp’s holdings in LGI Homes were worth $460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in LGI Homes during the 3rd quarter valued at about $43,000. Innealta Capital LLC purchased a new position in shares of LGI Homes during the second quarter valued at approximately $39,000. KBC Group NV increased its stake in shares of LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after buying an additional 168 shares during the period. CWM LLC raised its holdings in shares of LGI Homes by 27.5% during the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 187 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in LGI Homes in the third quarter worth $218,000. 84.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LGIH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of LGI Homes from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, December 13th. Wedbush reiterated a “neutral” rating and set a $125.00 price target on shares of LGI Homes in a research report on Wednesday, November 6th.

LGI Homes Price Performance

Shares of LGIH stock opened at $89.59 on Friday. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 10.74 and a beta of 1.99. The business’s fifty day moving average is $103.62 and its 200 day moving average is $103.97. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.36.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. During the same period last year, the business earned $2.84 EPS. LGI Homes’s quarterly revenue was up 5.6% compared to the same quarter last year. Research analysts expect that LGI Homes, Inc. will post 8.72 EPS for the current fiscal year.

LGI Homes 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 large institutions looking to acquire single-family rental properties.