A number of firms have modified their ratings and price targets on shares of LGI Homes (NASDAQ: LGIH) recently:

  • 11/14/2017 – LGI Homes was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LGI Homes, Inc. is engaged in the design and construction of entry-level homes across Texas, Arizona, Florida and Georgia. The company focuses on converting renters of apartments and single-family homes into homeowners by offering homes at affordable locations. LGI Homes, Inc. is headquartered in The Woodlands, Texas. “
  • 11/13/2017 – LGI Homes was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 11/8/2017 – LGI Homes had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $60.00 price target on the stock, up previously from $55.00.
  • 11/8/2017 – LGI Homes had its price target raised by analysts at JMP Securities from $62.00 to $68.00. They now have a “market outperform” rating on the stock.
  • 10/11/2017 – LGI Homes was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “LGI Homes, Inc. is engaged in the design and construction of entry-level homes across Texas, Arizona, Florida and Georgia. The company focuses on converting renters of apartments and single-family homes into homeowners by offering homes at affordable locations. LGI Homes, Inc. is headquartered in The Woodlands, Texas. “
  • 10/3/2017 – LGI Homes was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $49.00 price target on the stock, down previously from $55.00.
  • 9/30/2017 – LGI Homes was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.

Shares of LGI Homes, Inc. (LGIH) traded up $2.35 on Wednesday, reaching $67.73. 401,700 shares of the company were exchanged, compared to its average volume of 381,351. The company has a market cap of $1,421.22, a price-to-earnings ratio of 15.13, a PEG ratio of 1.31 and a beta of 0.20. The company has a quick ratio of 0.86, a current ratio of 8.91 and a debt-to-equity ratio of 1.04. LGI Homes, Inc. has a 12-month low of $26.82 and a 12-month high of $67.85.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.10. LGI Homes had a net margin of 9.26% and a return on equity of 25.51%. The firm had revenue of $365.90 million during the quarter, compared to analyst estimates of $355.81 million. During the same quarter in the prior year, the firm posted $0.86 EPS. LGI Homes’s revenue was up 69.2% compared to the same quarter last year. research analysts anticipate that LGI Homes, Inc. will post 4.54 earnings per share for the current fiscal year.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 23,101 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $63.28, for a total transaction of $1,461,831.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Larry Snider sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $45.81, for a total transaction of $160,335.00. Following the sale, the insider now directly owns 191,948 shares of the company’s stock, valued at $8,793,137.88. The disclosure for this sale can be found here. Insiders sold a total of 71,601 shares of company stock valued at $4,233,916 over the last three months. 13.60% of the stock is owned by corporate insiders.

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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