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

Shares of LGI Homes, Inc. (NASDAQ:LGIHGet Free Report) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $72.75.

Several equities analysts have recently issued reports on LGIH shares. Weiss Ratings downgraded shares of LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Wall Street Zen upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th.

Check Out Our Latest Research Report on LGIH

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its stake in shares of LGI Homes by 75.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 237 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in LGI Homes during the 4th quarter valued at about $29,000. Russell Investments Group Ltd. increased its stake in LGI Homes by 106.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock valued at $30,000 after buying an additional 305 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of LGI Homes during the 4th quarter worth about $32,000. Finally, Rockefeller Capital Management L.P. raised 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 worth $38,000 after buying an additional 827 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Performance

Shares of NASDAQ LGIH opened at $58.25 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 17.74 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $58.77 and its two-hundred day moving average price is $50.91. LGI Homes has a 52-week low of $33.55 and a 52-week high of $69.50. The stock has a market capitalization of $1.35 billion, a P/E ratio of 20.44 and a beta of 1.83.

LGI Homes (NASDAQ:LGIHGet Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $516.05 million during the quarter, compared to analyst estimates of $489.23 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share.

LGI Homes Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

Receive News & Ratings for LGI Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LGI Homes and related companies with MarketBeat.com's FREE daily email newsletter.