LGI Homes, Inc. (NASDAQ:LGIH) Receives $72.13 Average Price Target from Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $72.1250.

A number of research analysts recently commented on the stock. JMP Securities increased their target price on shares of LGI Homes from $75.00 to $85.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of LGI Homes in a report on Monday. Citigroup reiterated a “market outperform” rating on shares of LGI Homes in a research report on Wednesday, August 27th. Wedbush reissued a “neutral” rating and issued a $95.00 target price on shares of LGI Homes in a report on Monday, October 6th. Finally, Capital One Financial set a $60.00 price target on LGI Homes in a research note on Thursday, October 9th.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $45.68 on Friday. The stock’s 50-day simple moving average is $49.34 and its 200-day simple moving average is $53.62. The firm has a market capitalization of $1.05 billion, a PE ratio of 6.89 and a beta of 1.75. LGI Homes has a fifty-two week low of $39.70 and a fifty-two week high of $114.56. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.09). LGI Homes had a net margin of 7.63% and a return on equity of 8.00%. The company had revenue of $396.63 million during the quarter, compared to analysts’ expectations of $421.66 million. As a group, equities research analysts forecast that LGI Homes will post 8.46 EPS for the current fiscal year.

Hedge Funds Weigh In On LGI Homes

A number of institutional investors have recently modified their holdings of LGIH. MassMutual Private Wealth & Trust FSB raised its position 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 valued at $27,000 after purchasing an additional 435 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of LGI Homes by 106.6% in the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock valued at $30,000 after buying an additional 305 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of LGI Homes by 12,620.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider’s stock valued at $42,000 after buying an additional 631 shares during the last quarter. Signaturefd LLC boosted its stake in shares of 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 period. Finally, Versant Capital Management Inc grew its holdings in shares of LGI Homes by 35.1% during the third quarter. Versant Capital Management Inc now owns 947 shares of the financial services provider’s stock worth $49,000 after buying an additional 246 shares during the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Company 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.