LGI Homes Inc. (NASDAQ:LGIH)’s share price traded down 4.5% on Friday . The company traded as low as $33.98 and last traded at $34.10, with a volume of 240,300 shares. The stock had previously closed at $35.69.

A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday. JMP Securities reaffirmed a “buy” rating on shares of LGI Homes in a research report on Saturday, July 9th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. LGI Homes has an average rating of “Buy” and an average target price of $35.88.

The company’s 50 day moving average is $33.45 and its 200-day moving average is $27.20. The company has a market capitalization of $698.06 million and a P/E ratio of 12.57.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, August 9th. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The business earned $222.72 million during the quarter, compared to the consensus estimate of $219.52 million. The company’s revenue for the quarter was up 40.2% compared to the same quarter last year. On average, analysts forecast that LGI Homes Inc. will post $3.38 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 that occurred 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 completion of the sale, the insider now directly owns 491,433 shares in the company, valued at $14,723,332.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Several large investors have recently added to or reduced their stakes in the stock. 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 valued at $2,736,000 after buying an additional 27,850 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 valued at $1,588,000 after buying an additional 26,330 shares in the last quarter. Trexquant Investment LP purchased a new stake in LGI Homes during the fourth quarter valued at approximately $1,723,000. 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 valued at $5,621,000 after buying an additional 10,000 shares in the last quarter. Finally, 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 valued at $1,252,000 after buying an additional 1,400 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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