LGI Homes Inc (NASDAQ:LGIH) VP Jack Anthony Lipar sold 5,200 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $57.20, for a total transaction of $297,440.00. Following the completion of the transaction, the vice president now directly owns 80,327 shares of the company’s stock, valued at $4,594,704.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LGI Homes stock opened at $54.85 on Wednesday. LGI Homes Inc has a 1 year low of $37.16 and a 1 year high of $81.88. The company has a debt-to-equity ratio of 1.00, a current ratio of 15.92 and a quick ratio of 1.61. The company has a market capitalization of $1.30 billion, a PE ratio of 8.64, a PEG ratio of 0.75 and a beta of 0.57.
LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, February 26th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.03). LGI Homes had a net margin of 10.32% and a return on equity of 26.36%. The firm had revenue of $425.20 million during the quarter, compared to analyst estimates of $429.46 million. During the same period in the prior year, the company earned $1.43 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that LGI Homes Inc will post 6.92 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. acquired a new position in shares of LGI Homes in the third quarter valued at approximately $126,000. Macquarie Group Ltd. increased its stake in shares of LGI Homes by 514.4% in the fourth quarter. Macquarie Group Ltd. now owns 3,883 shares of the financial services provider’s stock valued at $176,000 after buying an additional 3,251 shares during the period. Gotham Asset Management LLC acquired a new position in shares of LGI Homes in the fourth quarter valued at approximately $210,000. Camelot Portfolios LLC acquired a new position in shares of LGI Homes in the fourth quarter valued at approximately $226,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of LGI Homes by 286.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,769 shares of the financial services provider’s stock valued at $261,000 after buying an additional 4,275 shares during the period. 94.84% of the stock is owned by institutional investors.
A number of research firms have commented on LGIH. BidaskClub cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. ValuEngine cut shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. JMP Securities reissued a “buy” rating and set a $68.00 target price on shares of LGI Homes in a research note on Wednesday, March 6th. Wells Fargo & Co boosted their target price on LGI Homes from $58.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Finally, Zacks Investment Research raised LGI Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $62.70.
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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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