LGI Homes, Inc. (NASDAQ:LGIH) Given Average Rating of “Hold” by Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has been given an average rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $76.70.

Several research firms recently weighed in on LGIH. Citizens Jmp upped their price target on shares of LGI Homes from $85.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of LGI Homes in a research note on Monday, December 29th. Capital One Financial set a $60.00 price objective on LGI Homes in a research note on Thursday, October 9th. JPMorgan Chase & Co. raised their price objective on LGI Homes from $47.00 to $48.50 and gave the company an “underweight” rating in a report on Tuesday, October 14th. Finally, Citigroup reaffirmed an “outperform” rating on shares of LGI Homes in a report on Wednesday, January 7th.

Institutional Trading of LGI Homes

A number of hedge funds have recently bought and sold shares of LGIH. Caitong International Asset Management Co. Ltd boosted its holdings in shares of LGI Homes by 75.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 237 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in LGI Homes by 106.6% during the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after buying an additional 305 shares during the last quarter. Signaturefd LLC boosted its stake in LGI Homes by 284.4% during the second quarter. Signaturefd LLC now owns 815 shares of the financial services provider’s stock worth $42,000 after buying an additional 603 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in LGI Homes by 74.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 928 shares of the financial services provider’s stock valued at $48,000 after buying an additional 397 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of LGI Homes by 35.1% in the 3rd quarter. Versant Capital Management Inc now owns 947 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Up 7.3%

LGI Homes stock opened at $53.86 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 18.02 and a quick ratio of 0.58. The stock has a market capitalization of $1.24 billion, a PE ratio of 11.89 and a beta of 1.90. The business has a 50 day simple moving average of $48.81 and a 200-day simple moving average of $52.09. LGI Homes has a 12 month low of $39.70 and a 12 month high of $88.61.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.09). The company had revenue of $396.63 million during the quarter, compared to analyst estimates of $421.66 million. LGI Homes had a net margin of 5.93% and a return on equity of 5.50%. On average, analysts anticipate that LGI Homes will post 8.46 EPS for the current fiscal year.

About LGI Homes

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.