LGI Homes, Inc. (NASDAQ:LGIH) Receives $118.33 Consensus Target Price from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has received an average rating of “Hold” from the four analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $111.67.

LGIH has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 target price on shares of LGI Homes in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Wedbush restated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Finally, Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th.

Insider Transactions at LGI Homes

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction on Monday, March 10th. The shares were sold at an average price of $75.94, for a total transaction of $83,913.70. Following the sale, the chief operating officer now owns 27,102 shares in the company, valued at $2,058,125.88. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.30% of the company’s stock.

Institutional Trading of LGI Homes

Several institutional investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in LGI Homes by 112.9% during the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 184 shares during the period. Sterling Capital Management LLC lifted its position in shares of LGI Homes by 801.5% during the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock worth $55,000 after buying an additional 545 shares during the period. GAMMA Investing LLC boosted its stake in LGI Homes by 219.1% in the 1st quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider’s stock valued at $59,000 after buying an additional 609 shares in the last quarter. CWM LLC raised its stake in LGI Homes by 50.3% during the first quarter. CWM LLC now owns 1,178 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 394 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of LGI Homes by 51.6% during the fourth quarter. KBC Group NV now owns 1,110 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 378 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Stock Performance

Shares of LGIH stock opened at $55.09 on Wednesday. The firm has a market cap of $1.29 billion, a P/E ratio of 6.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. LGI Homes has a fifty-two week low of $52.48 and a fifty-two week high of $125.83. The stock’s 50-day moving average is $65.00 and its two-hundred day moving average is $85.51.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.29). The business had revenue of $351.42 million for the quarter, compared to analyst estimates of $380.07 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Analysts predict that LGI Homes will post 8.46 earnings per share for the current fiscal 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 large institutions looking to acquire single-family rental properties.