LGI Homes Inc. (NASDAQ:LGIH) shares were down 4% during trading 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.

Several research analysts have commented on LGIH shares. Deutsche Bank AG restated a “buy” rating and issued a $36.00 price objective on shares of LGI Homes in a report on Tuesday, March 22nd. JMP Securities restated a “buy” rating on shares of LGI Homes in a report on Saturday, July 9th. Finally, Zacks Investment Research upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Monday, May 30th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. LGI Homes presently has a consensus rating of “Buy” and an average price target of $34.70.

The firm has a market capitalization of $682.94 million and a P/E ratio of 12.29. The stock has a 50-day moving average of $30.24 and a 200 day moving average of $25.63.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. During the same period in the previous year, the firm earned $0.33 earnings per share. The firm had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $167.55 million. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. Equities research analysts anticipate that LGI Homes Inc. will post $3.32 earnings per share for the current year.

In other LGI Homes news, major shareholder Eric Thomas Lipar sold 10,000 shares of LGI Homes stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $29.96, for a total transaction of $299,600.00. Following the completion of the transaction, the insider now directly owns 491,433 shares of the company’s stock, valued at $14,723,332.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in LGI Homes by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 51,456 shares of the company’s stock valued at $1,252,000 after buying an additional 1,400 shares during the last quarter. 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 last quarter. Trexquant Investment LP purchased 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 last quarter. Finally, 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 last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.