Shares of LGI Homes Inc. (NASDAQ:LGIH) dropped 1.2% during trading on Wednesday . The company traded as low as $32.67 and last traded at $32.80, with a volume of 136,190 shares traded. The stock had previously closed at $33.21.

LGIH has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a report on Monday, June 6th. JMP Securities restated a “buy” rating on shares of LGI Homes in a report on Saturday, July 9th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $34.70.

The company’s 50-day moving average price is $30.92 and its 200 day moving average price is $25.90. The company has a market cap of $709.91 million and a PE ratio of 12.78.

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

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

Other large investors recently modified their holdings of 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 position 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 valued at $1,588,000 after buying an additional 26,330 shares during the period. Trexquant Investment LP acquired a new position in shares of LGI Homes during the fourth quarter valued at about $1,723,000. Hodges Capital Management Inc. raised its position 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 valued at $2,736,000 after buying an additional 27,850 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position 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 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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