LGI Homes (NASDAQ:LGIH) Price Target Raised to $95.00 at Citizens Jmp

LGI Homes (NASDAQ:LGIH) had its price target upped by Citizens Jmp from $85.00 to $95.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a market outperform rating on the financial services provider’s stock.

LGIH has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted 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. Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a research report on Monday, December 29th. Citigroup reiterated an “outperform” rating on shares of LGI Homes in a research note on Wednesday. Capital One Financial set a $60.00 target price on LGI Homes in a research note on Thursday, October 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $95.00 target price on shares of LGI Homes in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.70.

LGI Homes Price Performance

NASDAQ LGIH opened at $43.15 on Wednesday. The company has a market cap of $995.90 million, a PE ratio of 9.53 and a beta of 1.88. LGI Homes has a 52 week low of $39.70 and a 52 week high of $97.25. The company has a quick ratio of 0.58, a current ratio of 18.02 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $46.57 and its two-hundred day simple moving average is $52.20.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, November 4th. The financial services provider reported $0.85 earnings per share 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 analysts’ expectations of $421.66 million. LGI Homes had a return on equity of 5.50% and a net margin of 5.93%. Research analysts predict that LGI Homes will post 8.46 earnings per share for the current year.

Hedge Funds Weigh In On LGI Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Everhart Financial Group Inc. increased its holdings in shares of LGI Homes by 18.1% in the 4th quarter. Everhart Financial Group Inc. now owns 9,211 shares of the financial services provider’s stock worth $396,000 after buying an additional 1,413 shares during the last quarter. GAMMA Investing LLC grew its position in LGI Homes by 20.0% in the fourth quarter. GAMMA Investing LLC now owns 3,715 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 619 shares in the last quarter. JPMorgan Chase & Co. increased its stake in LGI Homes by 244.6% in the third quarter. JPMorgan Chase & Co. now owns 61,384 shares of the financial services provider’s stock valued at $3,174,000 after acquiring an additional 43,572 shares during the last quarter. Voss Capital LP increased its stake in LGI Homes by 33.3% in the third quarter. Voss Capital LP now owns 300,000 shares of the financial services provider’s stock valued at $15,513,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in LGI Homes by 75.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

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.