LGI Homes, Inc. (NASDAQ:LGIH) Given Average Recommendation of “Hold” by Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has earned a consensus recommendation of “Hold” from the four analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $118.33.

Several equities research analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a research report on Friday, January 10th. Seaport Res Ptn upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th.

Insider Transactions at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the transaction, the chief operating officer now owns 27,102 shares of the company’s stock, valued at $2,058,125.88. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in LGI Homes by 20.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,345 shares of the financial services provider’s stock valued at $3,964,000 after purchasing an additional 7,508 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in LGI Homes in the 4th quarter valued at about $405,000. Squarepoint Ops LLC acquired a new position in LGI Homes in the 4th quarter valued at about $3,227,000. Two Sigma Advisers LP raised its stake in LGI Homes by 24.7% in the 4th quarter. Two Sigma Advisers LP now owns 20,700 shares of the financial services provider’s stock valued at $1,851,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in LGI Homes in the 4th quarter valued at about $329,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Performance

NASDAQ:LGIH opened at $71.86 on Monday. The firm’s fifty day moving average price is $83.50 and its 200 day moving average price is $98.44. LGI Homes has a 1-year low of $68.66 and a 1-year high of $125.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 8.62 and a beta of 2.13.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.16). The company had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $588.56 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. LGI Homes’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.19 earnings per share. On average, sell-side analysts expect that LGI Homes will post 8.46 EPS for the current year.

LGI Homes Company Profile

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.