LGI Homes, Inc. (NASDAQ:LGIH) Given Average Recommendation of “Hold” by Brokerages

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $72.1250.

LGIH has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on LGI Homes from $47.00 to $48.50 and gave the company an “underweight” rating in a report on Tuesday, October 14th. Wedbush reissued a “neutral” rating and set a $95.00 price objective on shares of LGI Homes in a report on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of LGI Homes in a report on Monday, December 29th. Finally, Capital One Financial set a $60.00 target price on LGI Homes in a research report on Thursday, October 9th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Voss Capital LP bought a new stake in LGI Homes in the 2nd quarter valued at $11,592,000. Tributary Capital Management LLC increased its stake in LGI Homes by 93.1% in the third quarter. Tributary Capital Management LLC now owns 386,072 shares of the financial services provider’s stock valued at $19,964,000 after acquiring an additional 186,159 shares during the period. Voloridge Investment Management LLC raised its position in LGI Homes by 118.5% in the third quarter. Voloridge Investment Management LLC now owns 155,012 shares of the financial services provider’s stock worth $8,016,000 after purchasing an additional 84,079 shares in the last quarter. Shay Capital LLC bought a new position in LGI Homes during the second quarter worth about $3,235,000. Finally, Jump Financial LLC boosted its holdings in LGI Homes by 171.3% during the second quarter. Jump Financial LLC now owns 87,515 shares of the financial services provider’s stock valued at $4,509,000 after purchasing an additional 55,259 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Trading Down 2.9%

NASDAQ:LGIH opened at $41.71 on Monday. The company has a market capitalization of $962.67 million, a P/E ratio of 9.21 and a beta of 1.88. The stock’s 50 day moving average price is $46.64 and its 200 day moving average price is $52.32. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.58 and a current ratio of 18.02. LGI Homes has a 52 week low of $39.70 and a 52 week high of $97.25.

LGI Homes (NASDAQ:LGIH) last posted its 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). The business had revenue of $396.63 million during the quarter, compared to the consensus estimate of $421.66 million. LGI Homes had a return on equity of 5.50% and a net margin of 5.93%. On average, research analysts forecast that LGI Homes will post 8.46 EPS for the current fiscal year.

About LGI Homes

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.