LGI Homes (NASDAQ:LGIH) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
LGIH has been the subject of several other research reports. Zacks Investment Research cut shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet upgraded shares of LGI Homes from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Wedbush restated a “neutral” rating and issued a $60.00 target price (up previously from $55.00) on shares of LGI Homes in a report on Wednesday, November 8th. JMP Securities upped their target price 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, ValuEngine upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. LGI Homes presently has a consensus rating of “Buy” and a consensus price target of $61.50.
LGI Homes (NASDAQ LGIH) opened at $64.95 on Friday. LGI Homes has a twelve month low of $27.28 and a twelve month high of $79.55. The company has a debt-to-equity ratio of 1.04, a current ratio of 8.91 and a quick ratio of 0.86. The stock has a market cap of $1,410.00, a price-to-earnings ratio of 15.07, a PEG ratio of 0.98 and a beta of 0.08.
In related news, CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $72.03, for a total transaction of $1,800,750.00. Following the completion of the sale, the chief executive officer now owns 491,233 shares in the company, valued at approximately $35,383,512.99. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.60% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of LGIH. Advisor Group Inc. boosted its stake in LGI Homes by 384.7% during the 4th quarter. Advisor Group Inc. now owns 1,454 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,154 shares during the period. Meadow Creek Investment Management LLC acquired a new stake in LGI Homes during the 4th quarter worth $172,000. Midas Management Corp acquired a new stake in LGI Homes during the 4th quarter worth $191,000. SG Americas Securities LLC acquired a new stake in LGI Homes during the 3rd quarter worth $199,000. Finally, LS Investment Advisors LLC boosted its stake in LGI Homes by 37.3% during the 3rd quarter. LS Investment Advisors LLC now owns 4,214 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 1,145 shares during the period. Hedge funds and other institutional investors own 89.50% 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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