LGI Homes, Inc. (NASDAQ:LGIH) has received a consensus recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $46.50.

Several brokerages recently weighed in on LGIH. Wedbush upgraded LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a research report on Thursday, August 31st. BidaskClub downgraded LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded LGI Homes from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 12th. Deutsche Bank AG upped their price objective on LGI Homes from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, J P Morgan Chase & Co downgraded LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Wednesday, August 9th.

Shares of LGI Homes (NASDAQ LGIH) traded up 3.32% on Tuesday, hitting $45.71. The company’s stock had a trading volume of 228,717 shares. The stock’s 50-day moving average price is $44.82 and its 200-day moving average price is $36.88. The firm has a market cap of $988.02 million, a price-to-earnings ratio of 12.14 and a beta of 0.08. LGI Homes has a 52 week low of $26.82 and a 52 week high of $49.95.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.12. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The business had revenue of $324.20 million during the quarter, compared to the consensus estimate of $317.63 million. During the same period in the prior year, the company earned $0.96 EPS. LGI Homes’s revenue for the quarter was up 45.6% on a year-over-year basis. Equities analysts expect that LGI Homes will post $4.30 earnings per share for the current fiscal year.

In other news, Director Bryan Christopher Sansbury sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $46.30, for a total transaction of $1,157,500.00. Following the completion of the transaction, the director now directly owns 159,551 shares in the company, valued at $7,387,211.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric Thomas Lipar sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $42.59, for a total value of $425,900.00. Following the transaction, the chief executive officer now owns 524,175 shares of the company’s stock, valued at $22,324,613.25. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its position in shares of LGI Homes by 0.3% during the second quarter. Alps Advisors Inc. now owns 15,333 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 40 shares during the last quarter. Arizona State Retirement System raised its position in shares of LGI Homes by 1.1% during the first quarter. Arizona State Retirement System now owns 8,900 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of LGI Homes by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 100 shares during the last quarter. California State Teachers Retirement System raised its position in shares of LGI Homes by 0.7% during the second quarter. California State Teachers Retirement System now owns 30,595 shares of the financial services provider’s stock worth $1,229,000 after acquiring an additional 200 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of LGI Homes by 7.0% during the first quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 93.49% of the company’s stock.

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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.

Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

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