LGI Homes Inc. (NASDAQ:LGIH) rose 2.3% during trading on Thursday . The company traded as high as $35.85 and last traded at $35.58, with a volume of 170,554 shares trading hands. The stock had previously closed at $34.79.

LGIH has been the topic of a number of analyst reports. Zacks Investment Research cut LGI Homes from a “buy” rating to a “sell” rating in a report on Tuesday, May 24th. JMP Securities reiterated a “buy” rating on shares of LGI Homes in a report on Saturday, July 9th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.88.

The stock has a 50 day moving average of $34.33 and a 200-day moving average of $28.26. The firm has a market cap of $745.69 million and a price-to-earnings ratio of 11.72.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The business had revenue of $222.72 million for the quarter, compared to analyst estimates of $219.52 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was up 40.2% on a year-over-year basis. On average, equities analysts expect that LGI Homes Inc. will post $3.40 EPS for the current fiscal year.

In related news, major shareholder Eric Thomas Lipar sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 491,433 shares of the company’s stock, valued at $14,723,332.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

An institutional investor recently raised its position in LGI Homes stock. Schwab Charles Investment Management Inc. boosted its stake in LGI Homes Inc. (NASDAQ:LGIH) by 3.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,550 shares of the company’s stock after buying an additional 1,827 shares during the period. Schwab Charles Investment Management Inc. owned about 0.25% of LGI Homes worth $1,206,000 at the end of the most recent reporting 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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