Shares of LGI Homes Inc. (NASDAQ:LGIH) fell 4% on Thursday . The stock traded as low as $32.82 and last traded at $32.94, with a volume of 308,961 shares traded. The stock had previously closed at $34.31.

A number of equities analysts have issued reports on LGIH shares. JMP Securities restated a “buy” rating on shares of LGI Homes in a research report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating and issued a $36.00 price objective on shares of LGI Homes in a research report on Tuesday, March 22nd. Finally, Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, March 23rd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.70.

The stock’s 50-day moving average is $29.85 and its 200 day moving average is $25.50. The company has a market cap of $672.93 million and a P/E ratio of 12.11.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The firm earned $162.50 million during the quarter, compared to analyst estimates of $167.55 million. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts forecast that LGI Homes Inc. will post $3.32 EPS for the current fiscal year.

In other news, major shareholder Eric Thomas Lipar sold 10,000 shares of LGI Homes stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $29.96, for a total value of $299,600.00. Following the transaction, the insider now directly owns 491,433 shares of the company’s stock, valued at approximately $14,723,332.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC raised its position in LGI Homes by 69.9% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 296,207 shares of the company’s stock valued at $7,207,000 after buying an additional 121,900 shares during the period. Trexquant Investment LP bought a new position in LGI Homes during the fourth quarter valued at approximately $1,723,000. Hodges Capital Management Inc. raised its position in LGI Homes by 32.9% in the fourth quarter. Hodges Capital Management Inc. now owns 112,450 shares of the company’s stock valued at $2,736,000 after buying an additional 27,850 shares during the period. Redwood Investments LLC raised its position in LGI Homes by 67.6% in the fourth quarter. Redwood Investments LLC now owns 65,270 shares of the company’s stock valued at $1,588,000 after buying an additional 26,330 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in LGI Homes by 4.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 231,000 shares of the company’s stock valued at $5,621,000 after buying an additional 10,000 shares during the period.

LGI Homes, Inc is a homebuilder. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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