LGI Homes Inc. (NASDAQ:LGIH)’s share price was down 4.9% on Thursday . The company traded as low as $31.10 and last traded at $33.05, with a volume of 612,770 shares traded. The stock had previously closed at $34.74.

A number of equities analysts have recently weighed in on LGIH shares. Zacks Investment Research downgraded shares of LGI Homes from a “buy” rating to a “sell” rating in a research note on Tuesday, May 24th. JMP Securities reaffirmed a “buy” rating on shares of LGI Homes in a research note on Saturday, July 9th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $34.70.

The firm has a 50-day moving average price of $32.95 and a 200-day moving average price of $26.82. The company has a market cap of $667.42 million and a price-to-earnings ratio of 12.02.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results 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 quarter in the previous year, the business posted $0.33 earnings per share. The company earned $162.50 million during the quarter, compared to analyst estimates of $167.55 million. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, analysts predict that LGI Homes Inc. will post $3.27 EPS for the current fiscal year.

In other LGI Homes news, major shareholder Eric Thomas Lipar sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 491,433 shares in the company, valued at $14,723,332.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. Alpine Woods Capital Investors LLC raised its position in 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 during the period. Hodges Capital Management Inc. raised its position 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 during the period. Redwood Investments LLC raised its position 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 during the period. Trexquant Investment LP acquired a new position in LGI Homes during the fourth quarter worth $1,723,000. Finally, State of New Jersey Common Pension Fund D raised its position 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 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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