LGI Homes, Inc. (NASDAQ:LGIH) Receives $114.00 Consensus PT from Brokerages

LGI Homes, Inc. (NASDAQ:LGIH) has earned a consensus rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $114.00.

Several research analysts recently weighed in on LGIH shares. StockNews.com downgraded shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a research report on Tuesday, February 27th. Finally, Wedbush lowered their target price on shares of LGI Homes from $97.00 to $88.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st.

Insider Transactions at LGI Homes

In other LGI Homes news, CFO Charles Michael Merdian sold 6,361 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.95, for a total transaction of $712,113.95. Following the completion of the transaction, the chief financial officer now owns 9,458 shares of the company’s stock, valued at $1,058,823.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Eric Thomas Lipar sold 10,869 shares of LGI Homes stock in a transaction on Monday, March 11th. The shares were sold at an average price of $111.95, for a total transaction of $1,216,784.55. Following the transaction, the chief executive officer now owns 627,430 shares in the company, valued at approximately $70,240,788.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Charles Michael Merdian sold 6,361 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.95, for a total value of $712,113.95. Following the sale, the chief financial officer now owns 9,458 shares in the company, valued at $1,058,823.10. The disclosure for this sale can be found here. Insiders have sold a total of 26,435 shares of company stock valued at $2,944,291 in the last ninety days. 12.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of LGI Homes by 0.5% during the second quarter. BlackRock Inc. now owns 3,445,237 shares of the financial services provider’s stock valued at $464,728,000 after purchasing an additional 18,510 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in LGI Homes by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,443,038 shares of the financial services provider’s stock valued at $192,158,000 after buying an additional 58,850 shares during the period. Wasatch Advisors LP increased its stake in LGI Homes by 4.3% during the 4th quarter. Wasatch Advisors LP now owns 1,328,778 shares of the financial services provider’s stock valued at $176,940,000 after buying an additional 54,606 shares during the period. State Street Corp raised its position in shares of LGI Homes by 3.8% during the 1st quarter. State Street Corp now owns 877,866 shares of the financial services provider’s stock worth $100,094,000 after buying an additional 31,878 shares in the last quarter. Finally, CDAM UK Ltd lifted its stake in shares of LGI Homes by 14.7% in the 4th quarter. CDAM UK Ltd now owns 674,960 shares of the financial services provider’s stock worth $89,878,000 after acquiring an additional 86,265 shares during the period. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Trading Up 1.9 %

LGIH stock opened at $116.37 on Monday. The company has a quick ratio of 0.42, a current ratio of 10.66 and a debt-to-equity ratio of 0.67. LGI Homes has a 52-week low of $84.15 and a 52-week high of $141.91. The company’s 50-day simple moving average is $116.24 and its 200-day simple moving average is $114.21. The firm has a market cap of $2.74 billion, a P/E ratio of 13.82 and a beta of 1.83.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, February 20th. The financial services provider reported $2.19 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.35). The business had revenue of $608.41 million during the quarter, compared to analyst estimates of $663.95 million. LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 earnings per share. As a group, equities analysts forecast that LGI Homes will post 9.29 EPS for the current fiscal year.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.