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

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been assigned a consensus rating of “Hold” from the three analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $118.33.

Several research analysts recently commented on LGIH shares. JMP Securities reiterated a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a research note on Friday, January 10th. Wedbush reiterated a “neutral” rating and set a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th.

LGI Homes Trading Down 1.4 %

NASDAQ:LGIH opened at $90.39 on Friday. LGI Homes has a one year low of $82.94 and a one year high of $130.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The firm has a market cap of $2.13 billion, a P/E ratio of 10.84 and a beta of 2.02. The firm has a 50-day simple moving average of $96.51 and a 200-day simple moving average of $103.86.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. During the same quarter in the previous year, the business posted $2.84 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that LGI Homes will post 8.46 EPS for the current fiscal year.

Institutional Trading of LGI Homes

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its position in LGI Homes by 112.9% during the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in LGI Homes during the 3rd quarter worth approximately $43,000. KBC Group NV grew its position in LGI Homes by 29.8% during the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 168 shares during the last quarter. CWM LLC grew its position in LGI Homes by 27.5% during the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 187 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in LGI Homes during the 3rd quarter worth approximately $218,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.