Q4 Earnings Estimate for LGI Homes Issued By Seaport Res Ptn

LGI Homes, Inc. (NASDAQ:LGIH) – Research analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of LGI Homes in a report released on Sunday, November 10th. Seaport Res Ptn analyst K. Zener now anticipates that the financial services provider will post earnings of $2.31 per share for the quarter, down from their previous forecast of $2.97. The consensus estimate for LGI Homes’ current full-year earnings is $8.88 per share.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.41. The company had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 earnings per share.

Separately, Wedbush reaffirmed a “neutral” rating and set a $125.00 target price on shares of LGI Homes in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $126.00.

LGI Homes Stock Down 1.0 %

NASDAQ LGIH opened at $103.93 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. LGI Homes has a 52 week low of $84.00 and a 52 week high of $136.89. The business’s fifty day simple moving average is $110.57 and its 200-day simple moving average is $102.98. The firm has a market cap of $2.44 billion, a PE ratio of 12.46 and a beta of 1.97.

Institutional Trading of LGI Homes

Several institutional investors and hedge funds have recently bought and sold shares of LGIH. Altshuler Shaham Ltd boosted its stake in LGI Homes by 5,860.2% during the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock worth $40,696,000 after buying an additional 447,130 shares during the period. Khrom Capital Management LLC purchased a new position in shares of LGI Homes during the 2nd quarter worth approximately $21,477,000. River Road Asset Management LLC increased its holdings in LGI Homes by 45.9% in the 3rd quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock valued at $82,425,000 after purchasing an additional 218,923 shares during the last quarter. Bright Financial Advisors Inc. purchased a new stake in LGI Homes in the first quarter valued at approximately $12,260,000. Finally, Marshall Wace LLP lifted its stake in LGI Homes by 51.8% during the second quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider’s stock worth $24,144,000 after purchasing an additional 92,081 shares in the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.