LGI Homes, Inc. $LGIH Position Increased by River Road Asset Management LLC

River Road Asset Management LLC boosted its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 931,391 shares of the financial services provider’s stock after purchasing an additional 18,682 shares during the period. River Road Asset Management LLC’s holdings in LGI Homes were worth $40,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LGIH. Voss Capital LP grew its stake in shares of LGI Homes by 33.3% in the 3rd quarter. Voss Capital LP now owns 300,000 shares of the financial services provider’s stock valued at $15,513,000 after buying an additional 75,000 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in LGI Homes by 244.6% in the third quarter. JPMorgan Chase & Co. now owns 61,384 shares of the financial services provider’s stock worth $3,174,000 after buying an additional 43,572 shares during the last quarter. SG Americas Securities LLC raised its position in LGI Homes by 1,158.0% during 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 in the last quarter. Commons Capital LLC bought a new position in LGI Homes during the third quarter valued at approximately $593,000. Finally, Royce & Associates LP lifted its stake in LGI Homes by 53.2% in the fourth quarter. Royce & Associates LP now owns 87,729 shares of the financial services provider’s stock valued at $3,769,000 after acquiring an additional 30,461 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Up 8.5%

Shares of LGIH stock opened at $56.79 on Friday. The stock’s 50 day simple moving average is $46.72 and its 200 day simple moving average is $47.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.70 and a current ratio of 18.56. LGI Homes, Inc. has a twelve month low of $33.55 and a twelve month high of $69.50. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 18.62 and a beta of 1.87.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on LGIH. Wall Street Zen raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on shares of LGI Homes from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.75.

LGI Homes 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.