LGI Homes, Inc. (NASDAQ:LGIH) Receives Consensus Rating of “Hold” from Brokerages

LGI Homes, Inc. (NASDAQ:LGIH) has received an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $76.70.

A number of equities analysts have recently commented on LGIH shares. Wedbush reiterated a “neutral” rating and set a $95.00 price target on shares of LGI Homes in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their target price on LGI Homes from $47.00 to $48.50 and gave the stock an “underweight” rating in a report on Tuesday, October 14th. Citigroup reiterated an “outperform” rating on shares of LGI Homes in a research report on Wednesday, January 7th. Citizens Jmp increased their price target on LGI Homes from $85.00 to $95.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 7th. Finally, Capital One Financial set a $60.00 price objective on LGI Homes in a research report on Thursday, October 9th.

Institutional Investors Weigh In On LGI Homes

A number of institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in LGI Homes by 75.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock worth $28,000 after buying an additional 237 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in LGI Homes by 106.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 305 shares during the period. Signaturefd LLC raised its position in shares of LGI Homes by 284.4% in the 2nd quarter. Signaturefd LLC now owns 815 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 603 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of LGI Homes by 74.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 928 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 397 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of LGI Homes by 35.1% in the 3rd quarter. Versant Capital Management Inc now owns 947 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 246 shares during the period. 84.89% of the stock is owned by institutional investors.

LGI Homes Stock Performance

LGI Homes stock opened at $50.15 on Friday. The business has a 50 day moving average of $48.71 and a 200-day moving average of $52.10. The company has a market capitalization of $1.16 billion, a P/E ratio of 11.07 and a beta of 1.88. LGI Homes has a 1 year low of $39.70 and a 1 year high of $93.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 18.02 and a quick ratio of 0.58.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, November 4th. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.09). LGI Homes had a return on equity of 5.50% and a net margin of 5.93%.The business had revenue of $396.63 million for the quarter, compared to analyst estimates of $421.66 million. On average, equities research analysts predict that LGI Homes will post 8.46 earnings per share for the current year.

About LGI Homes

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.