Shares of LGI Homes Inc. (NASDAQ:LGIH) fell 4.5% during mid-day trading on Friday . The stock traded as low as $33.98 and last traded at $34.10, with a volume of 240,300 shares traded. The stock had previously closed at $35.69.

Several research firms have issued reports on LGIH. Zacks Investment Research lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. JMP Securities restated 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. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.88.

The firm has a market cap of $718.36 million and a price-to-earnings ratio of 11.29. The firm’s 50 day moving average is $33.55 and its 200 day moving average is $27.30.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, August 9th. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. During the same quarter in the previous year, the company posted $0.66 EPS. The business 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. Equities research analysts anticipate that LGI Homes Inc. will post $3.38 earnings per share for the current year.

In related news, major shareholder Eric Thomas Lipar sold 10,000 shares of the stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $29.96, for a total transaction of $299,600.00. Following the completion of the transaction, the insider now owns 491,433 shares in the company, valued at $14,723,332.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Other hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised 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 during the period. Redwood Investments LLC raised 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 during the period. Trexquant Investment LP purchased a new stake in LGI Homes during the fourth quarter valued at about $1,723,000. Finally, State of New Jersey Common Pension Fund D raised 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 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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