LGI Homes, Inc. (NASDAQ:LGIH)‘s stock had its “outperform” rating restated by analysts at Wedbush in a research note issued on Saturday.

Several other equities analysts have also weighed in on LGIH. Deutsche Bank AG increased their price target on shares of LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co lowered shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price target for the company. in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of LGI Homes from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 12th. BidaskClub upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Finally, ValuEngine lowered shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $47.00.

Shares of LGI Homes (NASDAQ LGIH) opened at 44.67 on Friday. LGI Homes has a 1-year low of $26.82 and a 1-year high of $49.95. The firm has a market cap of $965.54 million, a PE ratio of 11.86 and a beta of 0.08. The stock’s 50 day moving average is $44.94 and its 200-day moving average is $37.23.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.12. The company had revenue of $324.20 million during the quarter, compared to analyst estimates of $317.63 million. LGI Homes had a net margin of 9.22% and a return on equity of 23.65%. The firm’s revenue for the quarter was up 45.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. Analysts expect that LGI Homes will post $4.30 earnings per share for the current year.

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

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in LGI Homes by 3.9% during the second quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock worth $100,180,000 after purchasing an additional 92,633 shares during the period. Frontier Capital Management Co. LLC boosted its position in LGI Homes by 4.3% during the second quarter. Frontier Capital Management Co. LLC now owns 1,837,651 shares of the financial services provider’s stock worth $73,837,000 after purchasing an additional 75,115 shares during the period. Vanguard Group Inc. boosted its position in LGI Homes by 3.4% during the second quarter. Vanguard Group Inc. now owns 878,551 shares of the financial services provider’s stock worth $35,299,000 after purchasing an additional 29,296 shares during the period. Neumeier Poma Investment Counsel LLC boosted its position in LGI Homes by 30.6% during the first quarter. Neumeier Poma Investment Counsel LLC now owns 787,550 shares of the financial services provider’s stock worth $26,706,000 after purchasing an additional 184,750 shares during the period. Finally, Heartland Advisors Inc. boosted its position in LGI Homes by 3.7% during the second quarter. Heartland Advisors Inc. now owns 727,800 shares of the financial services provider’s stock worth $29,243,000 after purchasing an additional 25,800 shares during the period. Hedge funds and other institutional investors own 93.49% of the company’s stock.

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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