Shares of LGI Homes Inc. (NASDAQ:LGIH) saw an uptick in trading volume on Wednesday . 3,725,826 shares traded hands during trading, an increase of 322% from the previous session’s volume of 882,604 shares.The stock last traded at $35.65 and had previously closed at $36.20.

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

The firm’s 50 day moving average is $31.78 and its 200 day moving average is $26.29. The firm has a market capitalization of $728.29 million and a PE ratio of 13.11.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm earned $162.50 million during the quarter, compared to analyst estimates of $167.55 million. During the same period in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. Analysts forecast 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 dated 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 owns 491,433 shares of the company’s stock, valued at approximately $14,723,332.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Several hedge funds recently added to or reduced their stakes in LGIH. Dimensional Fund Advisors LP increased its stake in 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 increased its stake in 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 LGI Homes during the fourth quarter worth about $1,723,000. Hodges Capital Management Inc. increased its stake in 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 increased its stake in 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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