LGI Homes, Inc. (NASDAQ:LGIH) Receives $75.67 Consensus Target Price from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $75.6667.

A number of equities analysts have weighed in on the stock. Citigroup restated a “market outperform” rating on shares of LGI Homes in a research report on Wednesday, August 27th. JPMorgan Chase & Co. reduced their price target on shares of LGI Homes from $52.00 to $47.00 and set an “underweight” rating for the company in a research report on Wednesday, July 9th. JMP Securities raised their price target on shares of LGI Homes from $75.00 to $85.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 27th. Finally, Wedbush reiterated a “neutral” rating and issued a $95.00 price objective on shares of LGI Homes in a report on Friday, September 5th.

LGI Homes Stock Performance

Shares of LGIH stock opened at $52.29 on Friday. The company has a current ratio of 18.18, a quick ratio of 0.64 and a debt-to-equity ratio of 0.85. LGI Homes has a 12-month low of $47.17 and a 12-month high of $120.53. The business’s 50 day moving average is $59.88 and its two-hundred day moving average is $57.61. The company has a market capitalization of $1.21 billion, a P/E ratio of 7.89 and a beta of 1.75.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.15. LGI Homes had a return on equity of 8.00% and a net margin of 7.63%.The business had revenue of $483.49 million during the quarter, compared to analysts’ expectations of $546.96 million. During the same period in the previous year, the business earned $2.48 earnings per share. The business’s revenue was down 19.8% compared to the same quarter last year. Analysts expect that LGI Homes will post 8.46 EPS for the current fiscal year.

Institutional Trading of LGI Homes

Large investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in LGI Homes by 453.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 435 shares in the last quarter. Russell Investments Group Ltd. lifted its position in LGI Homes by 106.6% during the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after buying an additional 305 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in LGI Homes by 12,620.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider’s stock worth $42,000 after buying an additional 631 shares in the last quarter. Signaturefd LLC boosted its stake in LGI Homes by 284.4% during the second quarter. Signaturefd LLC now owns 815 shares of the financial services provider’s stock worth $42,000 after buying an additional 603 shares during the last quarter. Finally, Rexford Capital Inc. purchased a new stake in LGI Homes in the 2nd quarter valued at $52,000. 84.89% of the stock is currently owned by hedge funds and other 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.