LGI Homes Inc (NASDAQ:LGIH) CEO Eric Thomas Lipar sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total value of $1,800,750.00. Following the transaction, the chief executive officer now owns 491,233 shares in the company, valued at approximately $35,383,512.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of LGI Homes Inc (NASDAQ LGIH) opened at $71.33 on Friday. The firm has a market capitalization of $1,549.69, a P/E ratio of 16.51, a P/E/G ratio of 1.14 and a beta of 0.27. The company has a quick ratio of 0.86, a current ratio of 8.91 and a debt-to-equity ratio of 1.04. LGI Homes Inc has a fifty-two week low of $26.82 and a fifty-two week high of $79.55.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The business had revenue of $365.90 million for the quarter, compared to analysts’ expectations of $355.81 million. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The company’s revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. analysts expect that LGI Homes Inc will post 4.63 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of LGIH. Schwab Charles Investment Management Inc. lifted its stake in LGI Homes by 21.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 80,279 shares of the financial services provider’s stock valued at $3,226,000 after buying an additional 14,002 shares in the last quarter. Rhumbline Advisers lifted its stake in LGI Homes by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 32,853 shares of the financial services provider’s stock valued at $1,320,000 after buying an additional 2,330 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in LGI Homes by 34.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,296 shares of the financial services provider’s stock valued at $11,021,000 after buying an additional 69,653 shares in the last quarter. Legal & General Group Plc lifted its stake in LGI Homes by 10.9% in the 2nd quarter. Legal & General Group Plc now owns 31,367 shares of the financial services provider’s stock valued at $1,259,000 after buying an additional 3,074 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in LGI Homes by 56.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,069 shares of the financial services provider’s stock valued at $204,000 after buying an additional 1,831 shares in the last quarter. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on LGIH. BidaskClub cut LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a report on Wednesday, October 11th. TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Wedbush cut LGI Homes from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $49.00 in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. LGI Homes has a consensus rating of “Buy” and a consensus target price of $59.33.

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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.

Insider Buying and Selling by Quarter for LGI Homes (NASDAQ:LGIH)

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