TIAA CREF Investment Management LLC decreased its stake in LGI Homes (NASDAQ:LGIH) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,081 shares of the financial services provider’s stock after selling 1,602 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.20% of LGI Homes worth $3,232,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in LGIH. Schwab Charles Investment Management Inc. grew its stake in shares of LGI Homes by 6.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 85,807 shares of the financial services provider’s stock worth $4,168,000 after acquiring an additional 5,528 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of LGI Homes by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 60,908 shares of the financial services provider’s stock worth $2,958,000 after acquiring an additional 1,179 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of LGI Homes in the third quarter worth $216,000. Atlantic Trust Group LLC acquired a new stake in shares of LGI Homes in the third quarter worth $1,250,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of LGI Homes in the fourth quarter worth $217,000. Institutional investors and hedge funds own 84.52% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 4th. Wedbush downgraded shares of LGI Homes from an “outperform” rating to a “neutral” rating and set a $73.00 price objective on the stock. in a research note on Tuesday, April 10th. Finally, Zacks Investment Research downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. LGI Homes currently has a consensus rating of “Buy” and an average target price of $61.50.
Shares of LGIH stock opened at $69.50 on Thursday. The firm has a market capitalization of $1,542.71, a P/E ratio of 14.69, a PEG ratio of 1.01 and a beta of 0.13. LGI Homes has a one year low of $28.57 and a one year high of $79.55. The company has a debt-to-equity ratio of 0.97, a current ratio of 9.16 and a quick ratio of 1.16.
LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. The firm had revenue of $405.00 million during the quarter, compared to analysts’ expectations of $377.46 million. LGI Homes had a return on equity of 26.41% and a net margin of 9.01%. LGI Homes’s quarterly revenue was up 71.0% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share. sell-side analysts predict that LGI Homes will post 6.19 earnings per share for the current fiscal year.
About LGI Homes
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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