BidaskClub lowered shares of LGI Homes (NASDAQ:LGIH) from a strong-buy rating to a buy rating in a report published on Thursday, January 11th.
Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of LGI Homes from a hold rating to a strong-buy rating and set a $91.00 price objective on the stock in a report on Thursday, January 4th. ValuEngine upgraded shares of LGI Homes from a buy rating to a strong-buy rating in a report on Sunday, December 31st. TheStreet upgraded shares of LGI Homes from a c+ rating to a b- rating in a report on Monday, November 13th. JMP Securities raised their price target on shares of LGI Homes from $62.00 to $68.00 and gave the company a market outperform rating in a report on Wednesday, November 8th. Finally, Wedbush reaffirmed a neutral rating and issued a $60.00 price objective (up previously from $55.00) on shares of LGI Homes in a research report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $59.33.
Shares of LGI Homes (LGIH) traded up $0.52 during midday trading on Thursday, reaching $68.41. 368,032 shares of the company were exchanged, compared to its average volume of 404,388. The firm has a market cap of $1,471.22 and a PE ratio of 15.84. LGI Homes has a 12-month low of $26.82 and a 12-month high of $79.55. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.86 and a current ratio of 8.91.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.10. The business had revenue of $365.90 million for the quarter, compared to analyst estimates of $355.81 million. LGI Homes had a net margin of 9.26% and a return on equity of 25.51%. The company’s revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. analysts predict that LGI Homes will post 4.69 earnings per share for the current year.
In other LGI Homes news, insider Michael Larry Snider sold 20,000 shares of LGI Homes stock in a transaction on Friday, November 10th. The shares were sold at an average price of $62.75, for a total value of $1,255,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes 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 transaction, the chief executive officer now directly owns 491,233 shares of the company’s stock, valued at approximately $35,383,512.99. The disclosure for this sale can be found here. Insiders have sold 68,101 shares of company stock valued at $4,517,581 in the last three months. Corporate insiders own 13.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Midas Management Corp bought a new stake in shares of LGI Homes during the fourth quarter valued at about $191,000. CAPROCK Group Inc. bought a new stake in shares of LGI Homes during the fourth quarter valued at about $217,000. Victory Capital Management Inc. raised its stake in shares of LGI Homes by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,633 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 543 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of LGI Homes during the third quarter valued at about $199,000. Finally, LS Investment Advisors LLC raised its stake in shares of LGI Homes by 37.3% during the third quarter. LS Investment Advisors LLC now owns 4,214 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 1,145 shares in the last quarter. Institutional investors own 91.10% of the company’s stock.
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LGI Homes Company 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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