LGI Homes Inc. (NASDAQ:LGIH) was down 1.2% during mid-day trading on Friday . The stock traded as low as $38.03 and last traded at $38.13, with a volume of 179,558 shares changing hands. The stock had previously closed at $38.59.

Several equities research analysts recently issued reports on LGIH shares. Zacks Investment Research downgraded shares of LGI Homes from a “buy” rating to a “sell” rating in a research note on Tuesday, May 24th. JMP Securities reiterated a “buy” rating on shares of LGI Homes in a research note on Saturday, July 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $35.88.

The firm’s 50-day moving average is $34.95 and its 200-day moving average is $28.84. The company has a market cap of $803.50 million and a PE ratio of 12.63.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, August 9th. The company reported $0.96 EPS for the quarter, topping 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 company’s revenue was up 40.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 earnings per share. Equities analysts anticipate 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 business’s stock in a transaction dated 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 directly owns 491,433 shares of the company’s stock, valued at $14,723,332.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

An institutional investor recently raised its position in LGI Homes stock. Dimensional Fund Advisors LP raised its stake in LGI Homes Inc. (NASDAQ:LGIH) by 2.8% during the fourth quarter, according to its most recent disclosure 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 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.

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