LGI Homes, Inc. $LGIH Shares Bought by Creative Planning

Creative Planning lifted its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 180.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,449 shares of the financial services provider’s stock after purchasing an additional 21,505 shares during the period. Creative Planning owned about 0.14% of LGI Homes worth $1,723,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Exencial Wealth Advisors LLC increased its position in LGI Homes by 8.0% during the first quarter. Exencial Wealth Advisors LLC now owns 3,621 shares of the financial services provider’s stock worth $241,000 after buying an additional 269 shares during the period. PNC Financial Services Group Inc. grew its position in shares of LGI Homes by 4.8% during the second quarter. PNC Financial Services Group Inc. now owns 5,976 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 275 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of LGI Homes by 6.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,288 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 336 shares during the period. CWM LLC increased its holdings in shares of LGI Homes by 50.3% in the 1st quarter. CWM LLC now owns 1,178 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 394 shares during the period. Finally, 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. 84.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on LGIH. Wedbush restated a “neutral” rating and issued a $95.00 price objective on shares of LGI Homes in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of LGI Homes in a research note on Monday. JPMorgan Chase & Co. raised their target price on shares of LGI Homes from $47.00 to $48.50 and gave the company an “underweight” rating in a report on Tuesday, October 14th. Citigroup reissued a “market outperform” rating on shares of LGI Homes in a research note on Wednesday, August 27th. Finally, JMP Securities increased their target price on LGI Homes from $75.00 to $85.00 and gave the company a “market outperform” rating in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $72.13.

LGI Homes Price Performance

LGI Homes stock opened at $52.68 on Thursday. LGI Homes, Inc. has a 1 year low of $39.70 and a 1 year high of $112.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18. The firm has a 50 day moving average price of $47.95 and a 200 day moving average price of $53.36. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 7.95 and a beta of 1.75.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $421.66 million. Sell-side analysts predict that LGI Homes, Inc. will post 8.46 earnings per share for the current 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.