Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received an average rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $43.00.

A number of research analysts have recently commented on the stock. J P Morgan Chase & Co cut shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price for the company. in a report on Wednesday, August 9th. Deutsche Bank AG increased their target price on shares of LGI Homes from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut shares of LGI Homes from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 12th. BidaskClub raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, Wedbush reissued a “neutral” rating and issued a $35.00 target price on shares of LGI Homes in a report on Tuesday, July 4th.

Shares of LGI Homes (NASDAQ LGIH) traded down 1.10% during midday trading on Friday, hitting $45.98. 376,687 shares of the company were exchanged. The company has a 50-day moving average of $43.88 and a 200 day moving average of $35.11. The company has a market capitalization of $993.86 million, a P/E ratio of 12.21 and a beta of 0.07. LGI Homes has a one year low of $26.82 and a one year high of $49.95.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.12. The firm had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $317.63 million. LGI Homes had a net margin of 9.22% and a return on equity of 23.65%. The business’s revenue for the quarter was up 45.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, equities research analysts expect that LGI Homes will post $4.28 earnings per share for the current fiscal year.

In other news, CEO Eric Thomas Lipar sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $42.59, for a total value of $425,900.00. Following the completion of the transaction, the chief executive officer now owns 524,175 shares of the company’s stock, valued at $22,324,613.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bryan Christopher Sansbury sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $46.30, for a total value of $1,157,500.00. Following the completion of the transaction, the director now directly owns 159,551 shares of the company’s stock, valued at approximately $7,387,211.30. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. U S Global Investors Inc. increased its position in LGI Homes by 48.5% in the second quarter. U S Global Investors Inc. now owns 28,959 shares of the financial services provider’s stock valued at $1,164,000 after buying an additional 9,459 shares in the last quarter. California State Teachers Retirement System increased its position in LGI Homes by 0.7% in the second quarter. California State Teachers Retirement System now owns 30,595 shares of the financial services provider’s stock valued at $1,229,000 after buying an additional 200 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in LGI Homes by 11.6% in the second quarter. The Manufacturers Life Insurance Company now owns 12,848 shares of the financial services provider’s stock valued at $517,000 after buying an additional 1,337 shares in the last quarter. Royal Bank of Canada increased its position in LGI Homes by 1.4% in the second quarter. Royal Bank of Canada now owns 45,691 shares of the financial services provider’s stock valued at $1,836,000 after buying an additional 634 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in LGI Homes by 12.6% in the second quarter. Voya Investment Management LLC now owns 8,785 shares of the financial services provider’s stock valued at $353,000 after buying an additional 980 shares in the last quarter. 88.18% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

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