LGI Homes Inc (NASDAQ:LGIH) CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total value of $1,800,750.00. Following the completion of the transaction, the chief executive officer now directly owns 491,233 shares in the company, valued at $35,383,512.99. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of LGI Homes Inc (LGIH) traded down $0.78 during mid-day trading on Friday, hitting $71.29. The stock had a trading volume of 320,000 shares, compared to its average volume of 399,575. The company has a market cap of $1,540.00, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.15 and a beta of 0.27. LGI Homes Inc has a 12-month low of $26.82 and a 12-month high of $79.55. The company has a current ratio of 8.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.04.
LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.10. The firm had revenue of $365.90 million for the quarter, compared to analyst estimates of $355.81 million. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. research analysts forecast that LGI Homes Inc will post 4.63 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of LGI Homes by 3.9% during the second quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock valued at $100,180,000 after purchasing an additional 92,633 shares in the last quarter. FMR LLC bought a new stake in shares of LGI Homes during the second quarter valued at approximately $21,233,000. Jane Street Group LLC bought a new stake in shares of LGI Homes during the third quarter valued at approximately $323,000. New York State Common Retirement Fund boosted its position in shares of LGI Homes by 20.0% during the second quarter. New York State Common Retirement Fund now owns 47,686 shares of the financial services provider’s stock valued at $1,916,000 after purchasing an additional 7,952 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of LGI Homes by 34.0% during the second quarter. Bank of New York Mellon Corp now owns 274,296 shares of the financial services provider’s stock valued at $11,021,000 after purchasing an additional 69,653 shares in the last quarter. Hedge funds and other institutional investors own 91.80% of the company’s stock.
A number of equities analysts have commented on the company. BidaskClub cut LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Wedbush lowered LGI Homes from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $49.00 in a research report on Tuesday, October 3rd. ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. JMP Securities lifted their price objective on LGI Homes from $62.00 to $68.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 8th. Finally, TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. LGI Homes currently has an average rating of “Buy” and an average price target of $59.33.
LGI Homes Company Profile
LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.
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