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

LGIH has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of LGI Homes from a “hold” rating to a “sell” rating in a research note on Monday, June 6th. JMP Securities reissued a “buy” rating on shares of LGI Homes in a research report on Saturday, July 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.88.

The firm has a market capitalization of $803.50 million and a PE ratio of 12.63. The stock has a 50 day moving average price of $34.95 and a 200-day moving average price of $28.84.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The firm had revenue of $222.72 million for the quarter, compared to analyst estimates of $219.52 million. During the same period in the previous year, the business posted $0.66 EPS. LGI Homes’s revenue for the quarter was up 40.2% compared to the same quarter last year. On average, analysts expect 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 LGI Homes 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 sale, the insider now owns 491,433 shares of the company’s stock, valued at approximately $14,723,332.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.