LGI Homes, Inc. (NASDAQ:LGIH) shares were up 5.5% on Friday . The stock traded as high as $44.98 and last traded at $44.90, with a volume of 667,004 shares traded. The stock had previously closed at $42.54.

Several research analysts have recently weighed in on LGIH shares. Zacks Investment Research cut shares of LGI Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Wells Fargo & Company upgraded shares of LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 target price on the stock in a research note on Tuesday, May 16th. ValuEngine cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Wedbush restated a “neutral” rating and set a $35.00 target price on shares of LGI Homes in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.00.

The company has a 50 day moving average of $44.63 and a 200 day moving average of $36.24. The company has a market cap of $970.51 million, a price-to-earnings ratio of 11.92 and a beta of 0.09.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.12. The business had revenue of $324.20 million for the quarter, compared to the consensus estimate of $317.63 million. LGI Homes had a net margin of 9.22% and a return on equity of 23.65%. The company’s revenue was up 45.6% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. On average, equities analysts forecast that LGI Homes, Inc. will post $4.26 earnings per share for the current year.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 25,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $46.30, for a total transaction of $1,157,500.00. Following the transaction, the director now directly owns 159,551 shares of the company’s stock, valued at $7,387,211.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Eric Thomas Lipar sold 10,000 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $42.59, for a total transaction of $425,900.00. Following the transaction, the chief executive officer now directly owns 524,175 shares in the company, valued at $22,324,613.25. The disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of LGIH. Creative Planning increased its position in LGI Homes by 36.8% in the first quarter. Creative Planning now owns 4,834 shares of the financial services provider’s stock valued at $164,000 after buying an additional 1,300 shares in the last quarter. Nordea Investment Management AB increased its position in LGI Homes by 67.5% in the first quarter. Nordea Investment Management AB now owns 52,549 shares of the financial services provider’s stock valued at $1,782,000 after buying an additional 21,185 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in LGI Homes during the first quarter valued at $234,000. Neumeier Poma Investment Counsel LLC increased its position in LGI Homes by 30.6% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 787,550 shares of the financial services provider’s stock valued at $26,706,000 after buying an additional 184,750 shares in the last quarter. Finally, Quantum Capital Management LLC NJ acquired a new position in LGI Homes during the first quarter valued at $4,091,000. 93.49% of the stock is currently owned by institutional investors and hedge funds.

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About LGI Homes

LGI Homes, Inc is a homebuilder and land developer. 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 operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.