LGI Homes, Inc. (LGIH) – What Are Investment Firms Thinking About This Stock?

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $68.00.

Several research firms have recently commented on LGIH. Wall Street Zen raised LGI Homes from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Citigroup restated a “market outperform” rating on shares of LGI Homes in a research note on Tuesday, October 6th. Finally, Weiss Ratings lowered LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in shares of LGI Homes during the second quarter valued at approximately $3,085,000. Bank of America Corp DE acquired a new position in shares of LGI Homes during the second quarter worth approximately $5,048,000. OneDigital Investment Advisors LLC acquired a new position in shares of LGI Homes during the second quarter worth approximately $2,739,000. Quantbot Technologies LP acquired a new position in shares of LGI Homes during the second quarter worth approximately $1,973,000. Finally, Atlas FRM LLC bought a new position in LGI Homes in the 2nd quarter worth approximately $61,578,560. Institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of LGIH stock opened at $44.37 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 17.74 and a quick ratio of 0.61. The firm has a market cap of $1.03 billion, a P/E ratio of 15.57 and a beta of 1.86. LGI Homes has a 1-year low of $33.55 and a 1-year high of $66.25. The firm has a fifty day moving average of $48.61 and a two-hundred day moving average of $50.31.

LGI Homes (NASDAQ:LGIH) last released its earnings results 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%. LGI Homes’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS.

About LGI Homes

LGI Homes, Inc is a homebuilder that designs, constructs and sells single-family homes in planned residential communities across the United States. The company primarily serves entry-level and first-time homebuyers, while also offering homes for move-up buyers and active-adult customers. Its communities typically feature standardized home designs, modern amenities and financing-related support intended to simplify the homebuying process.

Founded in 2003, LGI Homes has expanded from its original Texas operations into numerous housing markets throughout the South, Southwest and other high-growth regions.