LGI Homes Inc (LGIH) CEO Eric Thomas Lipar Sells 10,000 Shares

LGI Homes Inc (NASDAQ:LGIH) CEO Eric Thomas Lipar sold 10,000 shares of LGI Homes stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $70.91, for a total value of $709,100.00. Following the completion of the sale, the chief executive officer now directly owns 544,509 shares in the company, valued at $38,611,133.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Eric Thomas Lipar also recently made the following trade(s):

  • On Monday, March 18th, Eric Thomas Lipar sold 40,478 shares of LGI Homes stock. The stock was sold at an average price of $56.76, for a total value of $2,297,531.28.

Shares of NASDAQ:LGIH traded up $1.13 during trading hours on Thursday, hitting $72.19. 392,125 shares of the company’s stock traded hands, compared to its average volume of 326,718. LGI Homes Inc has a 1 year low of $37.16 and a 1 year high of $72.89. The firm has a market capitalization of $1.59 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.94 and a beta of 0.61. The company has a debt-to-equity ratio of 1.00, a current ratio of 16.86 and a quick ratio of 1.35.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.13). LGI Homes had a net margin of 9.67% and a return on equity of 23.28%. The business had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $288.06 million. During the same quarter last year, the firm earned $1.10 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that LGI Homes Inc will post 6.7 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. ValuEngine raised LGI Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Zacks Investment Research raised LGI Homes from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Wednesday, May 1st. Wells Fargo & Co boosted their target price on LGI Homes from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. BidaskClub upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Finally, JMP Securities boosted their target price on LGI Homes from $65.00 to $68.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 27th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $69.90.

Large investors have recently made changes to their positions in the business. Mason Street Advisors LLC boosted its holdings in shares of LGI Homes by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,980 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 195 shares during the period. Campbell Newman Asset Management Inc. lifted its holdings in LGI Homes by 2.5% during the first quarter. Campbell Newman Asset Management Inc. now owns 8,017 shares of the financial services provider’s stock worth $483,000 after buying an additional 197 shares during the period. State of Alaska Department of Revenue lifted its holdings in LGI Homes by 4.5% during the fourth quarter. State of Alaska Department of Revenue now owns 6,233 shares of the financial services provider’s stock worth $281,000 after buying an additional 270 shares during the period. Piedmont Investment Advisors Inc. lifted its holdings in LGI Homes by 6.2% during the first quarter. Piedmont Investment Advisors Inc. now owns 4,706 shares of the financial services provider’s stock worth $283,000 after buying an additional 276 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in LGI Homes by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 12,902 shares of the financial services provider’s stock worth $583,000 after buying an additional 283 shares during the period. Institutional investors and hedge funds own 93.81% of the company’s stock.

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About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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