LGI Homes (NASDAQ:LGIH) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.
Other research analysts have also recently issued research reports about the company. ValuEngine cut LGI Homes from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. Wedbush cut LGI Homes from an “outperform” rating to a “neutral” rating and set a $73.00 target price on the stock. in a research note on Tuesday, April 10th. Finally, Zacks Investment Research cut LGI Homes from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. LGI Homes currently has a consensus rating of “Hold” and an average price target of $67.20.
LGI Homes opened at $57.73 on Thursday, according to Marketbeat. The company has a market cap of $1.30 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.81 and a beta of 0.08. LGI Homes has a one year low of $39.30 and a one year high of $81.88. The company has a current ratio of 14.21, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10.
LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, May 8th. The financial services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.33. The firm had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $271.68 million. LGI Homes had a return on equity of 27.68% and a net margin of 9.38%. The company’s quarterly revenue was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. equities research analysts predict that LGI Homes will post 6.45 earnings per share for the current year.
In related news, CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $73.29, for a total value of $1,832,250.00. Following the transaction, the chief executive officer now owns 522,020 shares of the company’s stock, valued at $38,258,845.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 13.60% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in LGI Homes by 384.7% in the fourth 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 in the last quarter. Stratos Wealth Partners LTD. bought a new position in LGI Homes in the first quarter worth approximately $126,000. Meadow Creek Investment Management LLC bought a new position in LGI Homes in the fourth quarter worth approximately $172,000. Altium Wealth Management LLC bought a new position in LGI Homes in the first quarter worth approximately $200,000. Finally, Parametrica Management Ltd bought a new position in LGI Homes in the first quarter worth approximately $211,000. 90.01% of the stock is currently owned by institutional investors.
LGI Homes Company Profile
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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