LGI Homes Inc (LGIH) Receives Average Recommendation of “Hold” from Brokerages

Shares of LGI Homes Inc (NASDAQ:LGIH) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $54.38.

LGIH has been the topic of a number of research reports. BidaskClub raised shares of LGI Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. ValuEngine lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Wedbush cut their target price on shares of LGI Homes from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, JMP Securities set a $60.00 target price on shares of LGI Homes and gave the company a “buy” rating in a research note on Wednesday, November 7th.

In other LGI Homes news, Director Ryan Edone acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average price of $41.12 per share, with a total value of $41,120.00. Following the completion of the purchase, the director now directly owns 23,982 shares of the company’s stock, valued at approximately $986,139.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.60% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in LGI Homes by 4.4% in the third quarter. BlackRock Inc. now owns 2,839,434 shares of the financial services provider’s stock worth $134,703,000 after buying an additional 119,807 shares during the last quarter. FMR LLC raised its holdings in LGI Homes by 52.0% in the third quarter. FMR LLC now owns 1,690,144 shares of the financial services provider’s stock worth $80,181,000 after buying an additional 577,909 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in LGI Homes by 17.6% in the third quarter. Epoch Investment Partners Inc. now owns 1,478,686 shares of the financial services provider’s stock worth $70,149,000 after buying an additional 221,250 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in LGI Homes by 104.0% in the third quarter. Frontier Capital Management Co. LLC now owns 1,243,244 shares of the financial services provider’s stock worth $58,979,000 after buying an additional 633,714 shares during the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in LGI Homes by 2.6% in the third quarter. Wasatch Advisors Inc. now owns 1,166,621 shares of the financial services provider’s stock worth $55,345,000 after buying an additional 29,822 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes stock traded up $2.72 during trading hours on Thursday, reaching $43.71. The stock had a trading volume of 20,890 shares, compared to its average volume of 437,462. The firm has a market cap of $931.17 million, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.60 and a beta of 0.26. LGI Homes has a 52 week low of $37.16 and a 52 week high of $81.88. The company has a quick ratio of 1.21, a current ratio of 13.89 and a debt-to-equity ratio of 1.02.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $380.37 million for the quarter, compared to analyst estimates of $378.96 million. LGI Homes had a net margin of 9.99% and a return on equity of 27.08%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. As a group, sell-side analysts expect that LGI Homes will post 6.17 earnings per share for the current fiscal year.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. 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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