LGI Homes Inc (NASDAQ:LGIH) has received an average rating of “Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $59.33.

Several research firms recently weighed in on LGIH. BidaskClub downgraded LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday. Wedbush downgraded LGI Homes from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $49.00 in a report on Tuesday, October 3rd. ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Zacks Investment Research raised LGI Homes from a “hold” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a report on Thursday, January 4th. Finally, JMP Securities lifted their target price on LGI Homes from $62.00 to $68.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 8th.

LGI Homes (NASDAQ:LGIH) traded down $1.22 during midday trading on Monday, hitting $75.60. The company had a trading volume of 268,700 shares, compared to its average volume of 355,822. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.86 and a current ratio of 8.91. LGI Homes has a 12 month low of $26.82 and a 12 month high of $79.55. The firm has a market cap of $1,630.00, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.21 and a beta of 0.27.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.10. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The company had revenue of $365.90 million for the quarter, compared to the consensus estimate of $355.81 million. During the same quarter last year, the business posted $0.86 EPS. LGI Homes’s revenue for the quarter was up 69.2% on a year-over-year basis. equities research analysts anticipate that LGI Homes will post 4.63 EPS for the current year.

In other news, insider Michael Larry Snider sold 20,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $62.75, for a total value of $1,255,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eric Thomas Lipar sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $54.27, for a total value of $1,356,750.00. Following the completion of the transaction, the chief executive officer now directly owns 504,593 shares in the company, valued at $27,384,262.11. The disclosure for this sale can be found here. Insiders have sold a total of 68,101 shares of company stock worth $4,073,581 over the last ninety days. Company insiders own 13.60% of the company’s stock.

Several large investors have recently made changes to their positions in LGIH. Schwab Charles Investment Management Inc. lifted its stake in shares of LGI Homes by 21.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 80,279 shares of the financial services provider’s stock valued at $3,226,000 after purchasing an additional 14,002 shares during the period. Rhumbline Advisers lifted its stake in shares of LGI Homes by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 32,853 shares of the financial services provider’s stock valued at $1,320,000 after purchasing an additional 2,330 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of LGI Homes by 34.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,296 shares of the financial services provider’s stock valued at $11,021,000 after purchasing an additional 69,653 shares during the period. Legal & General Group Plc lifted its stake in shares of LGI Homes by 10.9% in the 2nd quarter. Legal & General Group Plc now owns 31,367 shares of the financial services provider’s stock valued at $1,259,000 after purchasing an additional 3,074 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of LGI Homes by 56.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,069 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 1,831 shares during the period. 91.80% of the stock is currently 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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