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

LGI Homes, Inc. (NASDAQ:LGIH) has earned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $72.75.

Several equities research analysts recently issued reports on LGIH shares. Weiss Ratings raised LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 4th. Wall Street Zen upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th.

LGI Homes Stock Up 1.5%

Shares of NASDAQ LGIH opened at $49.42 on Friday. LGI Homes has a 1 year low of $33.55 and a 1 year high of $66.25. The firm’s 50 day moving average price is $57.37 and its 200 day moving average price is $50.58. The firm has a market cap of $1.15 billion, a P/E ratio of 17.34 and a beta of 1.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 17.74.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $516.05 million for the quarter, compared to the consensus estimate of $489.23 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.36 EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its holdings in 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 during the period. Russell Investments Group Ltd. boosted its holdings in shares of LGI Homes by 106.6% in 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 period. Los Angeles Capital Management LLC acquired a new stake in shares of LGI Homes during the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. purchased a new position in LGI Homes during the 4th quarter worth approximately $32,000. Finally, Rockefeller Capital Management L.P. grew its position in LGI Homes by 1,759.6% during the 4th 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 in the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Company Profile

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.