LGI Homes Inc (NASDAQ:LGIH) has been given a consensus rating of “Buy” by the nine ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $59.33.
LGIH has been the topic of several recent research reports. ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. 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 research report on Thursday, January 4th. TheStreet raised LGI Homes from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. JMP Securities increased their target price on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 8th. Finally, Wedbush reaffirmed a “neutral” rating and set a $60.00 target price (up previously from $55.00) on shares of LGI Homes in a research report on Wednesday, November 8th.
Shares of LGI Homes (NASDAQ:LGIH) traded down $0.05 during trading hours on Friday, reaching $59.00. The company had a trading volume of 386,853 shares, compared to its average volume of 437,371. LGI Homes has a 52 week low of $27.28 and a 52 week high of $79.55. The company has a market capitalization of $1,400.14, a PE ratio of 13.66, a P/E/G ratio of 0.99 and a beta of 0.09. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.86 and a current ratio of 8.91.
In other news, CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total transaction of $1,800,750.00. Following the completion of the sale, the chief executive officer now owns 491,233 shares in the company, valued at approximately $35,383,512.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 13.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Midas Management Corp purchased a new stake in shares of LGI Homes during the 4th quarter valued at $191,000. CAPROCK Group Inc. purchased a new position in LGI Homes in the 4th quarter worth $217,000. SG Americas Securities LLC purchased a new position in LGI Homes in the 3rd quarter worth $199,000. LS Investment Advisors LLC raised its stake in 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 acquiring an additional 1,145 shares during the last quarter. Finally, Bfsg LLC purchased a new position in LGI Homes in the 4th quarter worth $329,000. Hedge funds and other institutional investors own 90.99% 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.
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