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

LGIH has been the subject of a number of research reports. JMP Securities reiterated a “buy” rating on shares of LGI Homes in a research note on Saturday, July 9th. Zacks Investment Research raised LGI Homes from a “sell” rating to a “hold” rating in a report on Monday, May 30th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.88.

The company has a market cap of $817.58 million and a price-to-earnings ratio of 12.85. The stock’s 50-day moving average price is $34.57 and its 200-day moving average price is $28.64.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, August 9th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company earned $222.72 million during the quarter, compared to analyst estimates of $219.52 million. LGI Homes’s quarterly revenue was up 40.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. On average, equities research 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 firm’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 completion of the sale, the insider now owns 491,433 shares in the company, valued at approximately $14,723,332.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

An institutional investor recently raised its position in LGI Homes stock. Dimensional Fund Advisors LP raised its position in shares of LGI Homes Inc. (NASDAQ:LGIH) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 0.26% of LGI Homes worth $1,252,000 at the end of the most recent quarter.

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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