LGI Homes, Inc. (NASDAQ:LGIH) Stock Has Consensus Target Price of $68.00

LGI Homes, Inc. (NASDAQ:LGIH) has received a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $68.00.

LGIH has been the topic of a number of analyst reports. Wall Street Zen raised LGI Homes from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings downgraded shares of LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 21st. Finally, Citigroup restated a “market outperform” rating on shares of LGI Homes in a research report on Tuesday, October 6th.

Institutional Investors Weigh In On LGI Homes

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of LGI Homes by 14.7% during the second quarter. GAMMA Investing LLC now owns 2,093 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 269 shares during the last quarter. Allworth Financial LP boosted its stake in LGI Homes by 159.8% in 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. Everhart Financial Group Inc. increased its holdings in shares of 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 worth $351,000 after purchasing an additional 648 shares during the period. Compass Wealth Management LLC purchased a new position in LGI Homes in the 3rd quarter worth approximately $33,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of LGI Homes by 1,759.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 827 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Price Performance

NASDAQ:LGIH opened at $47.15 on Friday. LGI Homes has a one year low of $33.55 and a one year high of $66.25. The firm’s fifty day moving average price is $47.68 and its two-hundred day moving average price is $50.16. The company has a debt-to-equity ratio of 0.71, a current ratio of 15.63 and a quick ratio of 0.61. The company has a market cap of $1.10 billion, a P/E ratio of 15.46 and a beta of 1.88.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.33. LGI Homes had a return on equity of 3.75% and a net margin of 4.05%. The business had revenue of $444.46 million during the quarter, compared to analysts’ expectations of $438.21 million. During the same period last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year.

About LGI Homes

LGI Homes, Inc is a homebuilder that designs, constructs and sells single-family homes in planned residential communities across the United States. The company primarily serves entry-level and first-time homebuyers, while also offering homes for move-up buyers and active-adult customers. Its communities typically feature standardized home designs, modern amenities and financing-related support intended to simplify the homebuying process.

Founded in 2003, LGI Homes has expanded from its original Texas operations into numerous housing markets throughout the South, Southwest and other high-growth regions.