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

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have earned an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $72.75.

A number of analysts have weighed in on LGIH shares. Wall Street Zen upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. increased their price target on LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a report on Friday, May 22nd. Finally, Zacks Research upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st.

LGI Homes Stock Performance

NASDAQ LGIH opened at $65.75 on Monday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.56 and a beta of 1.87. LGI Homes has a twelve month low of $33.55 and a twelve month high of $69.50. The stock has a fifty day simple moving average of $49.10 and a 200 day simple moving average of $47.78. The company has a quick ratio of 0.70, a current ratio of 18.56 and a debt-to-equity ratio of 0.81.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.22. The business had revenue of $319.74 million during the quarter, compared to the consensus estimate of $328.22 million. LGI Homes had a return on equity of 3.80% and a net margin of 4.22%.During the same period in the prior year, the business posted $0.17 earnings per share. LGI Homes’s quarterly revenue was down 9.0% on a year-over-year basis.

Institutional Trading of LGI Homes

Large investors have recently made changes to their positions in the company. Voss Capital LP grew its stake in shares of LGI Homes by 33.3% in the 3rd quarter. Voss Capital LP now owns 300,000 shares of the financial services provider’s stock valued at $15,513,000 after buying an additional 75,000 shares during the period. JPMorgan Chase & Co. grew its stake in shares of LGI Homes by 244.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,384 shares of the financial services provider’s stock valued at $3,174,000 after buying an additional 43,572 shares during the period. SG Americas Securities LLC grew its stake in shares of LGI Homes by 1,158.0% in the 4th quarter. SG Americas Securities LLC now owns 91,471 shares of the financial services provider’s stock valued at $3,930,000 after buying an additional 84,200 shares during the period. Commons Capital LLC acquired a new stake in shares of LGI Homes in the 3rd quarter valued at about $593,000. Finally, Royce & Associates LP grew its stake in shares of LGI Homes by 53.2% in the 4th quarter. Royce & Associates LP now owns 87,729 shares of the financial services provider’s stock valued at $3,769,000 after buying an additional 30,461 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Company Profile

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.