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

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $72.75.

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 4th. Wall Street Zen upgraded LGI Homes from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th.

Institutional Trading of LGI Homes

A number of large investors have recently bought and sold shares of LGIH. Tidal Investments LLC increased its position in shares of LGI Homes by 125.6% in the second quarter. Tidal Investments LLC now owns 20,301 shares of the financial services provider’s stock valued at $1,293,000 after acquiring an additional 11,301 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in LGI Homes during the second quarter valued at approximately $111,000. Allworth Financial LP boosted its position in LGI Homes by 159.8% during the second quarter. Allworth Financial LP now owns 878 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 540 shares during the last quarter. Corient Private Wealth LP grew its stake in LGI Homes by 92.5% in the second quarter. Corient Private Wealth LP now owns 10,648 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 5,116 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in LGI Homes by 4,966.1% in the second quarter. California State Teachers Retirement System now owns 1,436,748 shares of the financial services provider’s stock valued at $91,492,000 after purchasing an additional 1,408,388 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Trading Up 1.5%

Shares of NASDAQ:LGIH opened at $49.42 on Friday. The company has a market cap of $1.15 billion, a P/E ratio of 17.34 and a beta of 1.84. The stock’s 50-day moving average is $57.37 and its 200-day moving average is $50.58. LGI Homes has a 52-week low of $33.55 and a 52-week high of $66.25. 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 (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $516.05 million during the quarter, compared to analysts’ expectations of $489.23 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS.

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.