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

LGI Homes, Inc. (NASDAQ:LGIH) has received an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $68.00.

Several research analysts have recently weighed in on LGIH shares. Citigroup reissued a “market outperform” rating on shares of LGI Homes in a research report on Tuesday, October 6th. Wall Street Zen raised shares of LGI Homes from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Finally, 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.

LGI Homes Stock Performance

NASDAQ LGIH opened at $43.82 on Wednesday. The stock’s fifty day moving average is $53.25 and its two-hundred day moving average is $51.12. The firm has a market capitalization of $1.02 billion, a P/E ratio of 15.38 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 has a fifty-two week low of $33.55 and a fifty-two week high of $66.25.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%. The company had revenue of $516.05 million during the quarter, compared to analysts’ expectations of $489.23 million. During the same period in the prior year, the business earned $1.36 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis.

Hedge Funds Weigh In On LGI Homes

Institutional investors and hedge funds have recently bought and sold shares of the company. Everhart Financial Group Inc. raised its position in LGI Homes by 9.4% in the third quarter. Everhart Financial Group Inc. now owns 7,520 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 648 shares during the period. Tidal Investments LLC lifted its stake in shares of LGI Homes by 125.6% in the 2nd quarter. Tidal Investments LLC now owns 20,301 shares of the financial services provider’s stock valued at $1,293,000 after purchasing an additional 11,301 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of LGI Homes in the 2nd quarter valued at $111,000. Allworth Financial LP grew its holdings in shares of LGI Homes by 159.8% during the 2nd quarter. Allworth Financial LP now owns 878 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 540 shares during the period. Finally, Corient Private Wealth LP grew its holdings in shares of LGI Homes by 92.5% during the 2nd quarter. Corient Private Wealth LP now owns 10,648 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 5,116 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

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.