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

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $72.75.

LGIH has been the subject of a number of research analyst reports. Wall Street Zen raised LGI Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. upped their price target on LGI Homes from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of LGI Homes in a report on Friday, May 22nd. Finally, Zacks Research raised LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st.

LGI Homes Stock Performance

Shares of LGIH opened at $52.56 on Thursday. The stock has a 50 day moving average price of $44.79 and a 200 day moving average price of $47.30. The company has a quick ratio of 0.70, a current ratio of 18.56 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.23 and a beta of 1.87. LGI Homes has a 52-week low of $33.55 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.22. The firm had revenue of $319.74 million during the quarter, compared to the consensus estimate of $328.22 million. LGI Homes had a return on equity of 3.80% and a net margin of 4.22%.The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share. Research analysts predict that LGI Homes will post 2.76 EPS for the current fiscal year.

Institutional Investors Weigh In On LGI Homes

Several large investors have recently modified their holdings of LGIH. CDAM UK Ltd boosted 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 acquiring an additional 99,090 shares during the period. SG Americas Securities LLC boosted its holdings in shares of LGI Homes by 1,158.0% in the fourth quarter. SG Americas Securities LLC now owns 91,471 shares of the financial services provider’s stock valued at $3,930,000 after acquiring an additional 84,200 shares during the period. Voloridge Investment Management LLC boosted its holdings in shares of LGI Homes by 118.5% in the third quarter. Voloridge Investment Management LLC now owns 155,012 shares of the financial services provider’s stock valued at $8,016,000 after acquiring an additional 84,079 shares during the period. Trexquant Investment LP boosted its holdings in shares of LGI Homes by 171.3% in the fourth quarter. Trexquant Investment LP now owns 125,065 shares of the financial services provider’s stock valued at $5,373,000 after acquiring an additional 78,960 shares during the period. Finally, Voss Capital LP boosted its holdings in shares of LGI Homes by 33.3% in the third quarter. Voss Capital LP now owns 300,000 shares of the financial services provider’s stock valued at $15,513,000 after acquiring an additional 75,000 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

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.