LGI Homes, Inc. (NASDAQ:LGIH) Receives $74.63 Consensus PT from Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $74.6250.

A number of research analysts have weighed in on LGIH shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of LGI Homes in a research note on Monday, December 29th. Citigroup reissued an “outperform” rating on shares of LGI Homes in a research report on Wednesday, January 7th. Finally, Citizens Jmp raised their price objective on shares of LGI Homes from $85.00 to $95.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 7th.

LGI Homes Stock Down 4.1%

Shares of LGI Homes stock opened at $37.73 on Friday. The company has a market capitalization of $872.69 million, a P/E ratio of 12.05 and a beta of 1.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 20.98 and a quick ratio of 0.76. The business has a 50-day moving average of $49.41 and a two-hundred day moving average of $49.02. LGI Homes has a 1 year low of $33.55 and a 1 year high of $69.50.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, February 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. LGI Homes had a return on equity of 4.08% and a net margin of 4.25%.The business had revenue of $473.97 million for the quarter, compared to analysts’ expectations of $479.60 million. During the same quarter in the previous year, the business posted $2.15 EPS. LGI Homes’s revenue for the quarter was down 15.0% on a year-over-year basis. As a group, equities analysts predict that LGI Homes will post 8.46 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Charles Michael Merdian sold 7,211 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $42.04, for a total transaction of $303,150.44. Following the completion of the transaction, the chief financial officer directly owned 20,540 shares of the company’s stock, valued at $863,501.60. This represents a 25.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Scott James Garber sold 1,353 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $42.04, for a total value of $56,880.12. Following the transaction, the general counsel owned 21,716 shares of the company’s stock, valued at approximately $912,940.64. The trade was a 5.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 22,451 shares of company stock worth $943,840. Corporate insiders own 12.60% of the company’s stock.

Institutional Investors Weigh In On LGI Homes

Several institutional investors have recently bought and sold shares of LGIH. Wasatch Advisors LP boosted its position in LGI Homes by 3.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,467,855 shares of the financial services provider’s stock worth $75,624,000 after acquiring an additional 48,795 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of LGI Homes by 2.0% in the fourth quarter. River Road Asset Management LLC now owns 931,391 shares of the financial services provider’s stock valued at $40,013,000 after purchasing an additional 18,682 shares during the last quarter. CDAM UK Ltd raised its holdings in shares of LGI Homes by 15.4% in the fourth quarter. CDAM UK Ltd now owns 743,153 shares of the financial services provider’s stock valued at $31,926,000 after purchasing an additional 99,090 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of LGI Homes by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 458,601 shares of the financial services provider’s stock worth $19,701,000 after purchasing an additional 29,542 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its position in shares of LGI Homes by 93.1% in the third quarter. Tributary Capital Management LLC now owns 386,072 shares of the financial services provider’s stock worth $19,964,000 after purchasing an additional 186,159 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.