Wedbush Lowers LGI Homes (NASDAQ:LGIH) Price Target to $93.00

LGI Homes (NASDAQ:LGIH) had its target price decreased by research analysts at Wedbush from $100.00 to $93.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Wedbush’s target price would indicate a potential upside of 89.95% from the stock’s previous close. Wedbush also issued estimates for LGI Homes’ Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $2.14 EPS, Q4 2025 earnings at $2.62 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $2.31 EPS, Q4 2026 earnings at $2.81 EPS and FY2026 earnings at $6.58 EPS.

Separately, JMP Securities reissued a “market outperform” rating and issued a $140.00 price objective on shares of LGI Homes in a report on Wednesday, April 30th.

LGI Homes Price Performance

Shares of LGI Homes stock opened at $48.96 on Thursday. The firm has a market cap of $1.15 billion, a PE ratio of 5.87 and a beta of 1.77. LGI Homes has a twelve month low of $47.79 and a twelve month high of $125.83. 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 business has a 50-day moving average price of $55.89 and a 200 day moving average price of $76.44.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share 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. Sell-side analysts predict that LGI Homes will post 8.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the transaction, the chief operating officer now owns 27,102 shares of the company’s stock, valued at $2,058,125.88. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LGI Homes

Several large investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its position in LGI Homes by 112.9% in the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 184 shares during the period. KBC Group NV grew its stake in shares of LGI Homes by 51.6% in the fourth quarter. KBC Group NV now owns 1,110 shares of the financial services provider’s stock valued at $99,000 after buying an additional 378 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of LGI Homes by 3.9% in the 4th quarter. Rhumbline Advisers now owns 64,833 shares of the financial services provider’s stock valued at $5,796,000 after buying an additional 2,460 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in LGI Homes by 16.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 20,751 shares of the financial services provider’s stock valued at $1,855,000 after acquiring an additional 2,923 shares during the period. Finally, Principal Financial Group Inc. grew its position in LGI Homes by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 100,409 shares of the financial services provider’s stock valued at $8,977,000 after acquiring an additional 2,878 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

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.