Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $39.00.

LGIH has been the topic of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of LGI Homes in a report on Thursday, April 6th. Zacks Investment Research lowered LGI Homes from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Wells Fargo & Company raised LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 price objective on the stock in a report on Tuesday, May 16th. ValuEngine lowered LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, BidaskClub raised LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Monday.

LGI Homes (NASDAQ:LGIH) traded up 0.58% during trading on Monday, reaching $43.53. The company had a trading volume of 201,081 shares. LGI Homes has a 1-year low of $26.82 and a 1-year high of $43.90. The firm has a 50-day moving average of $38.90 and a 200-day moving average of $32.96. The stock has a market capitalization of $940.20 million, a price-to-earnings ratio of 13.07 and a beta of 0.04.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. LGI Homes had a return on equity of 22.09% and a net margin of 8.95%. The company had revenue of $162.91 million for the quarter, compared to analyst estimates of $161.68 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts anticipate that LGI Homes will post $4.18 EPS for the current fiscal year.

In other news, CEO Eric Thomas Lipar sold 10,000 shares of LGI Homes stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $42.59, for a total transaction of $425,900.00. Following the completion of the sale, the chief executive officer now directly owns 524,175 shares in the company, valued at approximately $22,324,613.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.60% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of LGIH. Great West Life Assurance Co. Can increased its stake in LGI Homes by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 24,404 shares of the financial services provider’s stock worth $828,000 after buying an additional 1,493 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in LGI Homes during the first quarter worth about $744,000. Boston Advisors LLC increased its stake in LGI Homes by 352.5% in the first quarter. Boston Advisors LLC now owns 201,781 shares of the financial services provider’s stock worth $6,842,000 after buying an additional 157,192 shares during the last quarter. Capital Impact Advisors LLC increased its stake in LGI Homes by 22.4% in the first quarter. Capital Impact Advisors LLC now owns 50,310 shares of the financial services provider’s stock worth $1,706,000 after buying an additional 9,210 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in LGI Homes during the first quarter worth about $234,000. Institutional investors own 87.24% of the company’s stock.

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LGI Homes Company Profile

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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