Heritage Wealth Management LLC Has $85,000 Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Heritage Wealth Management LLC grew its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 18.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 602 shares of the financial services provider’s stock after buying an additional 95 shares during the period. Heritage Wealth Management LLC’s holdings in LGI Homes were worth $85,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of LGI Homes by 9.8% in the third quarter. BlackRock Inc. now owns 3,924,673 shares of the financial services provider’s stock worth $556,950,000 after buying an additional 350,389 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of LGI Homes by 23.5% in the second quarter. Vanguard Group Inc. now owns 2,358,193 shares of the financial services provider’s stock worth $381,886,000 after buying an additional 448,649 shares during the last quarter. Capital International Investors lifted its position in shares of LGI Homes by 40.8% in the second quarter. Capital International Investors now owns 991,583 shares of the financial services provider’s stock worth $160,577,000 after buying an additional 287,177 shares during the last quarter. State Street Corp lifted its position in shares of LGI Homes by 13.5% in the second quarter. State Street Corp now owns 939,611 shares of the financial services provider’s stock worth $152,161,000 after buying an additional 111,705 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of LGI Homes by 2.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 400,679 shares of the financial services provider’s stock worth $64,886,000 after buying an additional 9,974 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

In other news, Director Steven Randal Smith sold 2,522 shares of the company’s stock in a transaction that occurred on Wednesday, December 22nd. The stock was sold at an average price of $152.60, for a total value of $384,857.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 11.80% of the company’s stock.

Several equities analysts recently weighed in on the company. Wells Fargo & Company raised LGI Homes from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $125.00 to $160.00 in a research report on Thursday, December 9th. Zacks Investment Research raised LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 5th. JPMorgan Chase & Co. cut their price objective on LGI Homes from $156.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, October 14th. Finally, BTIG Research reissued a “hold” rating on shares of LGI Homes in a research report on Thursday, October 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $157.60.

LGI Homes stock opened at $139.02 on Friday. The business has a 50 day moving average price of $147.47 and a two-hundred day moving average price of $151.55. The company has a quick ratio of 1.01, a current ratio of 13.59 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 7.70 and a beta of 1.51. LGI Homes, Inc. has a 12 month low of $97.20 and a 12 month high of $188.00.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, November 2nd. The financial services provider reported $4.05 EPS for the quarter, beating the consensus estimate of $4.03 by $0.02. The firm had revenue of $751.61 million during the quarter, compared to analysts’ expectations of $734.17 million. LGI Homes had a return on equity of 36.19% and a net margin of 14.45%. During the same quarter in the prior year, the firm posted $2.45 EPS. On average, analysts expect that LGI Homes, Inc. will post 16.99 earnings per share for the current fiscal year.

LGI Homes Profile

LGI Homes, Inc engages in the design, construction, marketing, and sale of new homes. It focuses on residential land development business. It operates through the following segments: Central, West, Southeast, Florida, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

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Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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