LGI Homes Inc (LGIH) CEO Sells $1,800,750.00 in Stock

LGI Homes Inc (NASDAQ:LGIH) CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $72.03, for a total value of $1,800,750.00. Following the transaction, the chief executive officer now directly owns 491,233 shares in the company, valued at $35,383,512.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

LGI Homes Inc (NASDAQ LGIH) traded down $0.78 during midday trading on Thursday, hitting $71.29. The stock had a trading volume of 320,062 shares, compared to its average volume of 399,580. The company has a market cap of $1,550.00, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.11 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 8.91 and a quick ratio of 0.86. LGI Homes Inc has a 12-month low of $26.82 and a 12-month high of $79.55.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The firm had revenue of $365.90 million for the quarter, compared to analysts’ expectations of $355.81 million. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The company’s revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. analysts expect that LGI Homes Inc will post 4.63 EPS for the current fiscal year.

Several research firms have recently weighed in on LGIH. BidaskClub cut LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research raised LGI Homes from a “hold” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a report on Thursday, January 4th. ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. TheStreet raised LGI Homes from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Finally, JMP Securities increased their price target on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. LGI Homes currently has a consensus rating of “Buy” and a consensus target price of $59.33.

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of LGI Homes by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,633 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 543 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of LGI Homes in the 3rd quarter worth $199,000. BNP Paribas Arbitrage SA increased 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 worth $204,000 after purchasing an additional 1,831 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of LGI Homes by 37.3% in the 3rd quarter. LS Investment Advisors LLC now owns 4,214 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Albion Financial Group UT purchased a new stake in shares of LGI Homes in the 3rd quarter worth $213,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.

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About LGI Homes

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.

Insider Buying and Selling by Quarter for LGI Homes (NASDAQ:LGIH)

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