Axa acquired a new stake in shares of LGI Homes Inc (NASDAQ:LGIH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 97,600 shares of the financial services provider’s stock, valued at approximately $7,323,000. Axa owned 0.45% of LGI Homes at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Midas Management Corp purchased a new position in LGI Homes during the 4th quarter valued at $191,000. SG Americas Securities LLC purchased a new position in LGI Homes during the 3rd quarter valued at $199,000. Albion Financial Group UT purchased a new position in LGI Homes during the 3rd quarter valued at $213,000. Stifel Financial Corp purchased a new position in LGI Homes during the 3rd quarter valued at $216,000. Finally, CAPROCK Group Inc. purchased a new position in LGI Homes during the 4th quarter valued at $217,000. 84.84% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on LGIH shares. BidaskClub raised shares of LGI Homes from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Zacks Investment Research downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Wedbush raised shares of LGI Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $59.51 to $73.00 in a research report on Tuesday, February 13th. Finally, ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. LGI Homes currently has an average rating of “Buy” and a consensus price target of $61.50.
Shares of LGI Homes Inc (LGIH) opened at $67.26 on Wednesday. LGI Homes Inc has a fifty-two week low of $28.57 and a fifty-two week high of $79.55. The company has a market cap of $1,403.58, a price-to-earnings ratio of 14.19, a PEG ratio of 0.94 and a beta of 0.31. The company has a current ratio of 9.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.97.
LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.03. LGI Homes had a net margin of 9.01% and a return on equity of 26.41%. The firm had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $377.46 million. During the same quarter in the previous year, the business posted $1.01 EPS. The company’s quarterly revenue was up 71.0% on a year-over-year basis. sell-side analysts forecast that LGI Homes Inc will post 6.1 earnings per share for the current year.
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LGI Homes 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.
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