LGI Homes, Inc. (LGIH) Director Sells $1,157,500.00 in Stock
LGI Homes, Inc. (NASDAQ:LGIH) Director Bryan Christopher Sansbury sold 25,000 shares of LGI Homes stock in a transaction on Monday, August 14th. The stock was sold at an average price of $46.30, for a total value of $1,157,500.00. Following the transaction, the director now owns 159,551 shares in the company, valued at approximately $7,387,211.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
LGI Homes, Inc. (NASDAQ:LGIH) traded up 0.56% on Wednesday, hitting $46.81. The stock had a trading volume of 238,994 shares. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 12.43 and a beta of 0.07. The stock’s 50 day moving average is $43.46 and its 200 day moving average is $34.94. LGI Homes, Inc. has a one year low of $26.82 and a one year high of $49.95.
LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.12. The business had revenue of $324.20 million for the quarter, compared to analyst estimates of $317.63 million. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The business’s revenue for the quarter was up 45.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Analysts anticipate that LGI Homes, Inc. will post $4.20 earnings per share for the current year.
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Several research firms have recently commented on LGIH. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a report on Tuesday, July 18th. J P Morgan Chase & Co lowered LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Wednesday, August 9th. ValuEngine lowered LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Wells Fargo & Company upgraded LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 price target on the stock in a report on Tuesday, May 16th. Finally, Deutsche Bank AG lifted their price target on LGI Homes from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. LGI Homes has a consensus rating of “Buy” and a consensus price target of $44.20.
Several hedge funds have recently bought and sold shares of the stock. Pictet Asset Management Ltd. bought a new stake in LGI Homes during the first quarter worth approximately $1,286,000. Comerica Bank raised its stake in LGI Homes by 4.5% in the first quarter. Comerica Bank now owns 18,790 shares of the financial services provider’s stock worth $603,000 after buying an additional 810 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in LGI Homes by 14.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock worth $110,000 after buying an additional 402 shares during the last quarter. Bank of New York Mellon Corp raised its stake in LGI Homes by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 204,643 shares of the financial services provider’s stock worth $6,940,000 after buying an additional 6,690 shares during the last quarter. Finally, Heartland Advisors Inc. bought a new stake in LGI Homes during the first quarter worth approximately $23,805,000. 88.18% of the stock is currently owned by institutional investors and hedge funds.
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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