LGI Homes, Inc. (NASDAQ:LGIH) Receives $72.75 Average Target Price from Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $72.75.

LGIH has been the topic of several recent research reports. Wall Street Zen upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. increased their price objective on shares of LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Weiss Ratings restated a “sell (d)” rating on shares of LGI Homes in a research note on Friday, May 22nd. Finally, Zacks Research upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its holdings in shares of LGI Homes by 3.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,467,855 shares of the financial services provider’s stock valued at $75,624,000 after buying an additional 48,795 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in LGI Homes by 5.4% during the first quarter. Altshuler Shaham Ltd now owns 1,087,263 shares of the financial services provider’s stock worth $42,980,000 after buying an additional 55,465 shares during the last quarter. River Road Asset Management LLC raised its position in LGI Homes by 2.0% during the fourth quarter. River Road Asset Management LLC now owns 931,391 shares of the financial services provider’s stock worth $40,013,000 after acquiring an additional 18,682 shares in the last quarter. CDAM UK Ltd raised its position in LGI Homes by 15.4% during the fourth quarter. CDAM UK Ltd now owns 743,153 shares of the financial services provider’s stock worth $31,926,000 after acquiring an additional 99,090 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in LGI Homes by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 458,601 shares of the financial services provider’s stock valued at $19,701,000 after acquiring an additional 29,542 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Price Performance

NASDAQ LGIH opened at $60.16 on Friday. The company has a quick ratio of 0.70, a current ratio of 18.56 and a debt-to-equity ratio of 0.81. LGI Homes has a 12-month low of $33.55 and a 12-month high of $69.50. The company has a market capitalization of $1.40 billion, a PE ratio of 19.72 and a beta of 1.82. The firm’s 50 day moving average is $54.69 and its 200-day moving average is $49.84.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.22. LGI Homes had a net margin of 4.22% and a return on equity of 3.80%. The business had revenue of $319.74 million for the quarter, compared to analyst estimates of $328.22 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis.

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.