LGI Homes, Inc. (NASDAQ:LGIH) Receives Average Rating of “Hold” from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $72.75.

A number of equities research analysts recently commented on LGIH shares. JPMorgan Chase & Co. lifted their price objective on LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, April 30th. Zacks Research raised LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised LGI Homes from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th.

LGI Homes Stock Down 7.6%

Shares of LGI Homes stock opened at $40.41 on Friday. The company has a quick ratio of 0.70, a current ratio of 18.56 and a debt-to-equity ratio of 0.81. LGI Homes has a 12 month low of $33.55 and a 12 month high of $69.50. The business has a fifty day simple moving average of $42.00 and a 200 day simple moving average of $46.97. The stock has a market cap of $938.81 million, a PE ratio of 13.25 and a beta of 1.90.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.22. LGI Homes had a return on equity of 3.80% and a net margin of 4.22%.The business had revenue of $319.74 million during the quarter, compared to analysts’ expectations of $328.22 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. Research analysts predict that LGI Homes will post 2.76 EPS for the current year.

Insider Buying and Selling at LGI Homes

In other LGI Homes news, CFO Charles Michael Merdian sold 7,211 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $42.04, for a total value of $303,150.44. Following the completion of the transaction, the chief financial officer directly owned 20,540 shares of the company’s stock, valued at approximately $863,501.60. The trade was a 25.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Larry Snider sold 7,887 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $42.04, for a total value of $331,569.48. Following the completion of the transaction, the chief operating officer directly owned 30,517 shares of the company’s stock, valued at approximately $1,282,934.68. The trade was a 20.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 22,451 shares of company stock valued at $943,840. Company insiders own 12.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LGIH. CDAM UK Ltd grew its stake in LGI Homes by 15.4% in the fourth quarter. CDAM UK Ltd now owns 743,153 shares of the financial services provider’s stock valued at $31,926,000 after acquiring an additional 99,090 shares during the period. SG Americas Securities LLC grew its stake in LGI Homes by 1,158.0% in the fourth quarter. SG Americas Securities LLC now owns 91,471 shares of the financial services provider’s stock valued at $3,930,000 after acquiring an additional 84,200 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of LGI Homes by 118.5% in the third quarter. Voloridge Investment Management LLC now owns 155,012 shares of the financial services provider’s stock valued at $8,016,000 after purchasing an additional 84,079 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of LGI Homes by 171.3% in the fourth quarter. Trexquant Investment LP now owns 125,065 shares of the financial services provider’s stock valued at $5,373,000 after purchasing an additional 78,960 shares in the last quarter. Finally, Voss Capital LP lifted its holdings in shares of LGI Homes by 33.3% in the third quarter. Voss Capital LP now owns 300,000 shares of the financial services provider’s stock valued at $15,513,000 after purchasing an additional 75,000 shares in the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Company Profile

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.