LGI Homes (LGIH) Downgraded by BidaskClub

BidaskClub downgraded shares of LGI Homes (NASDAQ:LGIH) from a sell rating to a strong sell rating in a report published on Saturday morning.

A number of other equities research analysts have also issued reports on the company. Wedbush dropped their price target on LGI Homes from $65.00 to $60.00 and set a neutral rating for the company in a research report on Wednesday, August 8th. Zacks Investment Research upgraded LGI Homes from a sell rating to a hold rating in a research report on Tuesday, July 24th. Finally, ValuEngine upgraded LGI Homes from a sell rating to a hold rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. LGI Homes currently has an average rating of Hold and an average target price of $64.67.

LGIH stock opened at $49.40 on Friday. The company has a quick ratio of 1.47, a current ratio of 15.32 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.18 billion, a PE ratio of 10.39, a P/E/G ratio of 0.72 and a beta of 0.04. LGI Homes has a 1 year low of $44.79 and a 1 year high of $81.88.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.22. The business had revenue of $419.85 million during the quarter, compared to analyst estimates of $414.52 million. LGI Homes had a return on equity of 28.50% and a net margin of 9.81%. equities research analysts predict that LGI Homes will post 6.57 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Tdam USA Inc. grew its position in LGI Homes by 19.7% in the second quarter. Tdam USA Inc. now owns 23,455 shares of the financial services provider’s stock worth $1,354,000 after acquiring an additional 3,868 shares during the period. GSA Capital Partners LLP grew its position in LGI Homes by 444.3% in the second quarter. GSA Capital Partners LLP now owns 21,362 shares of the financial services provider’s stock worth $1,233,000 after acquiring an additional 17,437 shares during the period. Pier Capital LLC purchased a new position in LGI Homes in the first quarter worth approximately $6,734,000. Rhumbline Advisers grew its position in LGI Homes by 4.5% in the second quarter. Rhumbline Advisers now owns 43,142 shares of the financial services provider’s stock worth $2,491,000 after acquiring an additional 1,847 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in LGI Homes by 78.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,226 shares of the financial services provider’s stock worth $821,000 after acquiring an additional 6,236 shares during the period. Institutional investors own 89.33% of the company’s stock.

About LGI Homes

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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