LGI Homes Inc (NASDAQ:LGIH) CAO Margaret Mary Britton sold 4,144 shares of LGI Homes stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $63.80, for a total value of $264,387.20. Following the completion of the sale, the chief accounting officer now directly owns 49,274 shares in the company, valued at approximately $3,143,681.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of LGI Homes stock traded up $0.91 during midday trading on Monday, reaching $66.11. The company’s stock had a trading volume of 396,410 shares, compared to its average volume of 447,183. The firm has a market capitalization of $1,456.06, a P/E ratio of 13.95, a PEG ratio of 0.97 and a beta of 0.31. The company has a current ratio of 9.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.97. LGI Homes Inc has a 1 year low of $28.57 and a 1 year high of $79.55.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. The firm had revenue of $405.00 million for the quarter, compared to the consensus estimate of $377.46 million. LGI Homes had a return on equity of 26.41% and a net margin of 9.01%. The business’s revenue was up 71.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. equities analysts forecast that LGI Homes Inc will post 6.1 EPS for the current fiscal year.
A number of analysts recently issued reports on LGIH shares. ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised LGI Homes from a “hold” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a research report on Thursday, January 4th. BidaskClub downgraded LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, Wedbush raised LGI Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $59.51 to $73.00 in a research report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $61.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in LGI Homes by 3.2% during the fourth quarter. BlackRock Inc. now owns 2,568,244 shares of the financial services provider’s stock worth $192,695,000 after buying an additional 80,724 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in LGI Homes during the fourth quarter worth approximately $36,247,000. Capital Growth Management LP increased its position in LGI Homes by 113.6% during the third quarter. Capital Growth Management LP now owns 470,000 shares of the financial services provider’s stock worth $22,828,000 after buying an additional 250,000 shares during the last quarter. Bank of New York Mellon Corp increased its position in LGI Homes by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 285,778 shares of the financial services provider’s stock worth $13,880,000 after buying an additional 11,482 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its position in LGI Homes by 1,419.3% during the fourth quarter. OppenheimerFunds Inc. now owns 220,096 shares of the financial services provider’s stock worth $16,514,000 after buying an additional 205,609 shares during the last quarter. 84.84% of the stock is currently owned by hedge funds and other institutional investors.
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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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