LGI Homes, Inc. (NASDAQ:LGIH) Stock Has Consensus Price Target of $65.33 According to Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $68.00.

LGIH has been the topic of several research analyst reports. Weiss Ratings cut shares of LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 21st. Citigroup reiterated a “market outperform” rating on shares of LGI Homes in a research note on Tuesday, October 6th. Finally, Wall Street Zen upgraded LGI Homes from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th.

Hedge Funds Weigh In On LGI Homes

Several large investors have recently added to or reduced their stakes in LGIH. Rockefeller Capital Management L.P. grew its holdings in shares of LGI Homes by 1,759.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 827 shares during the last quarter. Allworth Financial LP acquired a new stake in LGI Homes in the second quarter worth approximately $56,000. Public Employees Retirement System of Ohio bought a new position in LGI Homes during the second quarter valued at about $93,000. Integrated Wealth Concepts LLC bought a new stake in shares of LGI Homes in the 2nd quarter worth approximately $111,000. Finally, GAMMA Investing LLC lifted its position in shares of LGI Homes by 14.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,093 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 269 shares during the last quarter. 84.89% of the stock is currently owned by institutional investors.

LGI Homes Price Performance

LGIH stock opened at $45.29 on Wednesday. The stock’s 50 day moving average price is $52.68 and its 200 day moving average price is $51.21. LGI Homes has a 1 year low of $33.55 and a 1 year high of $66.25. The firm has a market cap of $1.05 billion, a P/E ratio of 15.89 and a beta of 1.86. 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 earnings results on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $516.05 million for the quarter, compared to analyst estimates of $489.23 million. LGI Homes had a net margin of 3.88% and a return on equity of 3.55%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS.

LGI Homes Company Profile

LGI Homes, Inc is a residential construction company that designs, builds and sells new homes primarily to first-time buyers, move-up buyers and active-adult customers. Its portfolio generally includes single-family homes and, in select communities, townhomes and other attached housing. The company offers homes in a range of floor plans and typically emphasizes value-oriented designs, included features and move-in-ready construction.

Founded in 2003, LGI Homes serves buyers through communities across multiple regions of the United States, including markets in the South, Southeast, Southwest, West and select other metropolitan areas.