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

Several research firms recently commented on LGIH. JMP Securities reiterated a “buy” rating on shares of LGI Homes in a research report on Saturday, July 9th. Zacks Investment Research lowered shares of LGI Homes from a “buy” rating to a “sell” rating in a research report on Tuesday, May 24th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $34.70.

The stock has a market cap of $711.34 million and a P/E ratio of 12.81. The stock’s 50-day moving average price is $31.15 and its 200-day moving average price is $25.98.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, May 10th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The company earned $162.50 million during the quarter, compared to analyst estimates of $167.55 million. LGI Homes’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. Equities research analysts predict 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 the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $29.96, for a total value of $299,600.00. Following the sale, 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 is available through this link.

Several hedge funds and institutional investors have modified their holdings of the stock. Dimensional Fund Advisors LP raised its position 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 during the period. 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 worth $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 worth approximately $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 worth $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 worth $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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