LGI Homes Inc. (NASDAQ:LGIH) shares traded up 5.7% on Thursday . The company traded as high as $35.48 and last traded at $35.27, with a volume of 1,072,656 shares trading hands. The stock had previously closed at $33.38.

A number of analysts recently commented on the stock. JMP Securities restated a “buy” rating on shares of LGI Homes in a research note on Saturday, July 9th. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, March 23rd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. LGI Homes currently has an average rating of “Buy” and a consensus price target of $34.70.

The stock has a market cap of $710.32 million and a price-to-earnings ratio of 12.79. The stock has a 50 day moving average of $30.70 and a 200-day moving average of $25.83.

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

In other LGI Homes news, major shareholder Eric Thomas Lipar sold 10,000 shares of LGI Homes stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $29.96, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of LGI Homes by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 51,456 shares of the company’s stock worth $1,252,000 after buying an additional 1,400 shares in the last quarter. Redwood Investments LLC raised its stake in shares of LGI Homes by 67.6% in the fourth quarter. Redwood Investments LLC now owns 65,270 shares of the company’s stock worth $1,588,000 after buying an additional 26,330 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of LGI Homes during the fourth quarter worth approximately $1,723,000. Hodges Capital Management Inc. raised its stake in shares of LGI Homes by 32.9% in the fourth quarter. Hodges Capital Management Inc. now owns 112,450 shares of the company’s stock worth $2,736,000 after buying an additional 27,850 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of 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 worth $5,621,000 after buying an additional 10,000 shares in 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.

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