LGI Homes Inc. (NASDAQ:LGIH)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $36.23 and last traded at $36.22, with a volume of 365,469 shares changing hands. The stock had previously closed at $35.45.

Several research firms have weighed in on LGIH. JMP Securities reaffirmed a “buy” rating on shares of LGI Homes in a research report on Saturday, July 9th. Zacks Investment Research downgraded LGI Homes from a “hold” rating to a “sell” rating in a research report on Monday, June 6th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $34.70.

The company has a market capitalization of $739.53 million and a price-to-earnings ratio of 13.31. The company has a 50-day moving average price of $31.58 and a 200 day moving average price of $26.22.

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

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

Other hedge funds and institutional investors have modified their holdings of the company. Alpine Woods Capital Investors LLC increased its position in shares of LGI Homes by 69.9% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 296,207 shares of the company’s stock worth $7,207,000 after buying an additional 121,900 shares in the last quarter. Hodges Capital Management Inc. increased 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 in the last quarter. Redwood Investments LLC increased 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 in the last quarter. Trexquant Investment LP acquired a new position in shares of LGI Homes during the fourth quarter worth $1,723,000. Finally, State of New Jersey Common Pension Fund D increased 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 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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