LGI Homes, Inc. (NASDAQ:LGIH) Receives Average Rating of “Hold” from Brokerages

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned an average rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $72.75.

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of LGI Homes in a research report on Friday, May 22nd. Zacks Research upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on shares of LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th.

Institutional Investors Weigh In On LGI Homes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position 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 buying an additional 237 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of LGI Homes during the fourth quarter valued at approximately $29,000. Russell Investments Group Ltd. lifted its holdings 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 acquiring an additional 305 shares during the period. Kemnay Advisory Services Inc. purchased a new position in LGI Homes in the fourth quarter worth $32,000. Finally, Rockefeller Capital Management L.P. boosted its position in LGI Homes by 1,759.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Performance

NASDAQ:LGIH opened at $62.03 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 18.56 and a quick ratio of 0.70. The firm has a 50-day moving average of $50.93 and a 200-day moving average of $48.28. The company has a market cap of $1.44 billion, a PE ratio of 20.34 and a beta of 1.82. LGI Homes has a one year low of $33.55 and a one year high of $69.50.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.22. The business had revenue of $319.74 million for the quarter, compared to analysts’ expectations of $328.22 million. LGI Homes had a net margin of 4.22% and a return on equity of 3.80%. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS.

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.