LGI Homes, Inc. (NASDAQ:LGIH) Receives Average Recommendation of “Hold” from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has earned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $74.6250.

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a report on Monday, December 29th. Citigroup reiterated an “outperform” rating on shares of LGI Homes in a research report on Wednesday, January 7th. Finally, Citizens Jmp boosted their price objective on LGI Homes from $85.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 7th.

Institutional Investors Weigh In On LGI Homes

Institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its stake in LGI Homes by 58,700.0% during the second quarter. Hantz Financial Services Inc. now owns 1,176 shares of the financial services provider’s stock valued at $61,000 after buying an additional 1,174 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of LGI Homes in the second quarter worth approximately $1,728,000. Voss Capital LP acquired a new stake in shares of LGI Homes during the second quarter valued at approximately $11,592,000. Tributary Capital Management LLC lifted its position in shares of LGI Homes by 93.1% in the 3rd 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 in the last quarter. Finally, CWM LLC boosted its stake in LGI Homes by 149.0% in the 2nd quarter. CWM LLC now owns 2,933 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 1,755 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Price Performance

Shares of LGIH opened at $53.19 on Tuesday. LGI Homes has a one year low of $39.70 and a one year high of $83.12. The stock’s fifty day moving average is $50.89 and its 200-day moving average is $52.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 20.98. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 16.99 and a beta of 1.90.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, February 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. LGI Homes had a net margin of 4.25% and a return on equity of 4.08%. The firm had revenue of $473.97 million during the quarter, compared to analyst estimates of $479.60 million. During the same quarter in the prior year, the firm posted $2.15 EPS. LGI Homes’s revenue was down 15.0% compared to the same quarter last year. Equities analysts anticipate that LGI Homes will post 8.46 EPS for the current year.

LGI Homes Company Profile

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.