ValuEngine upgraded shares of LGI Homes (NASDAQ:LGIH) from a hold rating to a buy rating in a research report released on Friday morning, ValuEngine reports.
Other equities research analysts also recently issued reports about the company. Wells Fargo & Co increased their price objective on Wingstop from $76.00 to $84.00 and gave the stock an outperform rating in a research note on Monday, May 6th. JMP Securities set a $79.00 price objective on LGI Homes and gave the stock a buy rating in a research note on Tuesday, April 9th. Zacks Investment Research downgraded ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th. Finally, BidaskClub lowered Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. LGI Homes currently has an average rating of Buy and a consensus price target of $70.50.
Shares of LGI Homes stock opened at $74.07 on Friday. The business has a 50-day simple moving average of $71.70. The stock has a market cap of $1.74 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.03 and a beta of 0.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.35 and a current ratio of 16.86. LGI Homes has a 1 year low of $37.16 and a 1 year high of $76.93.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.13). The business had revenue of $287.60 million during the quarter, compared to analysts’ expectations of $288.06 million. LGI Homes had a return on equity of 23.28% and a net margin of 9.67%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. Research analysts forecast that LGI Homes will post 6.69 earnings per share for the current year.
In other LGI Homes news, CEO Eric Thomas Lipar sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $70.91, for a total value of $709,100.00. Following the transaction, the chief executive officer now directly owns 544,509 shares of the company’s stock, valued at approximately $38,611,133.19. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael Larry Snider sold 13,170 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $68.11, for a total value of $897,008.70. Following the completion of the transaction, the insider now directly owns 175,544 shares in the company, valued at $11,956,301.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,670 shares of company stock worth $1,792,334. Insiders own 13.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Mason Street Advisors LLC increased its holdings in shares of LGI Homes by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,980 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 195 shares during the last quarter. Campbell Newman Asset Management Inc. grew its holdings in LGI Homes by 2.5% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 8,017 shares of the financial services provider’s stock valued at $483,000 after buying an additional 197 shares during the last quarter. Piedmont Investment Advisors Inc. grew its holdings in LGI Homes by 6.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,706 shares of the financial services provider’s stock valued at $283,000 after buying an additional 276 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in LGI Homes by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 12,902 shares of the financial services provider’s stock valued at $583,000 after buying an additional 283 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in LGI Homes by 2.6% in the 4th quarter. LPL Financial LLC now owns 13,576 shares of the financial services provider’s stock valued at $614,000 after buying an additional 346 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.
About LGI Homes
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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