LGI Homes Inc. (NASDAQ:LGIH) reached a new 52-week high during trading on Monday . The company traded as high as $37.68 and last traded at $37.05, with a volume of 738,545 shares traded. The stock had previously closed at $35.47.

A number of research firms have recently commented on LGIH. JMP Securities reaffirmed a “buy” rating on shares of LGI Homes in a research report on Saturday, July 9th. Zacks Investment Research lowered LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. LGI Homes has an average rating of “Buy” and a consensus target price of $35.88.

The stock has a market cap of $775.96 million and a price-to-earnings ratio of 12.19. The stock’s 50 day moving average price is $34.33 and its 200 day moving average price is $28.26.

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

In other news, major shareholder Eric Thomas Lipar sold 10,000 shares of the 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 of the company’s stock, valued at $14,723,332.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

An institutional investor recently raised its position in LGI Homes stock. Dimensional Fund Advisors LP increased its stake in LGI Homes Inc. (NASDAQ:LGIH) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,456 shares of the company’s stock after buying an additional 1,400 shares during the period. Dimensional Fund Advisors LP owned approximately 0.26% of LGI Homes worth $1,252,000 as of its most recent SEC filing.

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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