LGI Homes Inc. (NASDAQ:LGIH) shares saw unusually-high trading volume on Tuesday . Approximately 624,935 shares were traded 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.

LGIH has been the subject of several research reports. 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 analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.88.

The firm has a market capitalization of $817.58 million and a PE ratio of 12.85. The stock has a 50-day moving average of $34.57 and a 200 day moving average of $28.64.

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

In other LGI Homes news, major shareholder Eric Thomas Lipar sold 10,000 shares of the business’s 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 sale, the insider now owns 491,433 shares in the company, valued at $14,723,332.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in LGI Homes stock. Dimensional Fund Advisors LP raised its stake in shares of 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 (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 about 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.