LGI Homes (LGIH) Reaches New 12-Month Low at $39.21

Shares of LGI Homes Inc (NASDAQ:LGIH) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $39.21 and last traded at $40.02, with a volume of 10265 shares changing hands. The stock had previously closed at $39.69.

A number of analysts have recently issued reports on LGIH shares. Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. BidaskClub upgraded LGI Homes from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. ValuEngine upgraded LGI Homes from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Wedbush set a $55.00 price target on LGI Homes and gave the company a “hold” rating in a research report on Thursday, October 4th. Finally, JPMorgan Chase & Co. upgraded LGI Homes from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $69.00 to $58.50 in a research report on Friday, September 21st. Three research 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 company presently has a consensus rating of “Hold” and an average price target of $61.88.

The stock has a market cap of $1.07 billion, a PE ratio of 8.20, a PEG ratio of 0.66 and a beta of 0.07. The company has a quick ratio of 1.47, a current ratio of 15.32 and a debt-to-equity ratio of 0.98.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.22. The company had revenue of $419.85 million for the quarter, compared to analysts’ expectations of $414.52 million. LGI Homes had a return on equity of 28.50% and a net margin of 9.81%. As a group, equities analysts expect that LGI Homes Inc will post 6.57 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of LGI Homes by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 43,142 shares of the financial services provider’s stock valued at $2,491,000 after buying an additional 1,847 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of LGI Homes by 444.3% during the 2nd quarter. GSA Capital Partners LLP now owns 21,362 shares of the financial services provider’s stock valued at $1,233,000 after buying an additional 17,437 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of LGI Homes by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 40,120 shares of the financial services provider’s stock valued at $2,311,000 after buying an additional 2,496 shares in the last quarter. Tdam USA Inc. raised its holdings in shares of LGI Homes by 19.7% during the 2nd quarter. Tdam USA Inc. now owns 23,455 shares of the financial services provider’s stock valued at $1,354,000 after buying an additional 3,868 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of LGI Homes by 4.8% during the 2nd quarter. BlackRock Inc. now owns 2,719,627 shares of the financial services provider’s stock valued at $157,003,000 after buying an additional 124,283 shares in the last quarter. 89.31% of the stock is currently owned by institutional investors.

LGI Homes Company Profile (NASDAQ:LGIH)

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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