LGI Homes Inc. (NASDAQ:LGIH) shares saw unusually-strong trading volume on Tuesday . Approximately 624,935 shares traded hands during trading, an increase of 20% from the previous session’s volume of 521,997 shares.The stock last traded at $38.81 and had previously closed at $37.51.

A number of research firms have recently weighed in on LGIH. JMP Securities reiterated a “buy” rating on shares of LGI Homes in a research note on Saturday, July 9th. Zacks Investment Research upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Monday, May 30th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $35.88.

The firm has a 50-day moving average of $34.68 and a 200-day moving average of $28.71. The firm has a market cap of $813.38 million and a PE ratio of 12.78.

LGI Homes (NASDAQ:LGIH) last posted its quarterly 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 period last year, the company earned $0.66 earnings per share. The company had revenue of $222.72 million for the quarter, compared to analyst estimates of $219.52 million. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year. On average, analysts anticipate that LGI Homes Inc. will post $3.40 EPS for the current year.

In related news, major shareholder Eric Thomas Lipar sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $29.96, for a total value of $299,600.00. Following the sale, the insider now directly owns 491,433 shares in the company, valued at approximately $14,723,332.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A hedge fund recently raised its stake in LGI Homes stock. Dimensional Fund Advisors LP boosted its position in shares of LGI Homes Inc. (NASDAQ:LGIH) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the SEC.

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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