LGI Homes, Inc. (NASDAQ:LGIH) Receives $76.70 Consensus Target Price from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has been given an average rating of “Hold” by the six ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $76.70.

Several research firms have issued reports on LGIH. Weiss Ratings reissued a “sell (d)” rating on shares of LGI Homes in a research note on Monday, December 29th. Capital One Financial set a $60.00 price objective on shares of LGI Homes in a research note on Thursday, October 9th. JPMorgan Chase & Co. boosted their target price on LGI Homes from $47.00 to $48.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Citigroup reiterated an “outperform” rating on shares of LGI Homes in a report on Wednesday, January 7th. Finally, Wedbush reaffirmed a “neutral” rating and set a $95.00 price objective on shares of LGI Homes in a research report on Monday, October 6th.

Institutional Trading of LGI Homes

A number of large investors have recently bought and sold shares of the business. Wasatch Advisors LP increased its stake in shares of LGI Homes by 3.4% during the second quarter. Wasatch Advisors LP now owns 1,467,855 shares of the financial services provider’s stock worth $75,624,000 after acquiring an additional 48,795 shares during the period. Tributary Capital Management LLC boosted its stake in shares of LGI Homes by 93.1% during the 3rd quarter. Tributary Capital Management LLC now owns 386,072 shares of the financial services provider’s stock worth $19,964,000 after acquiring an additional 186,159 shares in the last quarter. Voss Capital LP grew its holdings 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 purchasing an additional 75,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of LGI Homes by 5.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 250,142 shares of the financial services provider’s stock worth $16,627,000 after buying an additional 12,524 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in shares of 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 valued at $8,016,000 after purchasing an additional 84,079 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $50.11 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of 11.06 and a beta of 1.89. The firm has a fifty day moving average of $48.72 and a 200 day moving average of $52.08. 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 one year low of $39.70 and a one year high of $92.54.

LGI Homes (NASDAQ:LGIH) last issued 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). The firm had revenue of $396.63 million for 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%. As a group, research analysts predict 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.