Wedbush Reaffirms “Neutral” Rating for LGI Homes (NASDAQ:LGIH)

Wedbush reaffirmed their neutral rating on shares of LGI Homes (NASDAQ:LGIH) in a research report report published on Friday, Benzinga reports. They currently have a $125.00 price target on the financial services provider’s stock. Wedbush also issued estimates for LGI Homes’ Q4 2024 earnings at $2.83 EPS, Q2 2025 earnings at $2.67 EPS and Q4 2025 earnings at $3.25 EPS.

Separately, JPMorgan Chase & Co. lowered their price objective on LGI Homes from $95.00 to $93.00 and set an underweight rating on the stock in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $126.00.

LGI Homes Stock Performance

Shares of LGIH stock opened at $110.53 on Friday. LGI Homes has a one year low of $84.00 and a one year high of $136.89. The firm has a 50-day moving average of $109.36 and a 200-day moving average of $101.90. The company has a debt-to-equity ratio of 0.78, a current ratio of 12.63 and a quick ratio of 0.49. The company has a market cap of $2.60 billion, a P/E ratio of 13.82 and a beta of 1.95.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 EPS for the quarter, beating the consensus estimate of $2.24 by $0.24. The business had revenue of $602.50 million for the quarter, compared to the consensus estimate of $617.44 million. LGI Homes had a return on equity of 10.45% and a net margin of 8.78%. LGI Homes’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.25 earnings per share. Equities research analysts forecast that LGI Homes will post 9.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new position in LGI Homes in the 1st quarter valued at approximately $47,000. First Horizon Advisors Inc. boosted its holdings in shares of LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after buying an additional 108 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of LGI Homes during the 2nd quarter worth $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in LGI Homes during the first quarter valued at about $52,000. Finally, Headlands Technologies LLC bought a new position in shares of LGI Homes during the 1st quarter valued at approximately $130,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.