LGI Homes, Inc. $LGIH Holdings Raised by River Road Asset Management LLC

River Road Asset Management LLC lifted its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 2.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 931,391 shares of the financial services provider’s stock after purchasing an additional 18,682 shares during the quarter. River Road Asset Management LLC owned 4.04% of LGI Homes worth $40,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LGIH. Caitong International Asset Management Co. Ltd lifted its stake in LGI Homes by 75.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock valued at $28,000 after buying an additional 237 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of LGI Homes in the fourth quarter worth about $29,000. Russell Investments Group Ltd. increased its position 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 acquiring an additional 305 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of LGI Homes in the fourth quarter worth approximately $32,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of LGI Homes by 7,240.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,101 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,086 shares during the period. Institutional investors and hedge funds own 84.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LGIH shares. Weiss Ratings restated a “sell (d)” rating on shares of LGI Homes in a research report on Friday, May 22nd. Zacks Research raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on LGI Homes from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $72.75.

LGI Homes Price Performance

Shares of LGIH opened at $56.79 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 18.62 and a beta of 1.87. LGI Homes, Inc. has a fifty-two week low of $33.55 and a fifty-two week high of $69.50. 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 business’s 50-day moving average is $46.72 and its 200-day moving average is $47.44.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.22. LGI Homes had a net margin of 4.22% and a return on equity of 3.80%. The business had revenue of $319.74 million during the quarter, compared to analyst estimates of $328.22 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue was down 9.0% compared to the same quarter last year. Equities research analysts expect that LGI Homes, Inc. will post 2.76 EPS for the current fiscal year.

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.