LGI Homes, Inc. (NASDAQ:LGIH) Given Consensus Rating of “Hold” by Brokerages

LGI Homes, Inc. (NASDAQ:LGIH) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $114.00.

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday. Wedbush lowered their target price on LGI Homes from $97.00 to $88.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Finally, JMP Securities restated a “market outperform” rating and issued a $160.00 price target on shares of LGI Homes in a research report on Tuesday, February 27th.

Insider Activity

In related news, CEO Eric Thomas Lipar sold 10,869 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $111.95, for a total value of $1,216,784.55. Following the completion of the transaction, the chief executive officer now directly owns 627,430 shares of the company’s stock, valued at $70,240,788.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Eric Thomas Lipar sold 10,869 shares of LGI Homes stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.95, for a total transaction of $1,216,784.55. Following the completion of the sale, the chief executive officer now owns 627,430 shares in the company, valued at approximately $70,240,788.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael Larry Snider sold 7,993 shares of LGI Homes stock in a transaction on Monday, March 11th. The shares were sold at an average price of $110.06, for a total value of $879,709.58. Following the sale, the chief operating officer now directly owns 19,016 shares of the company’s stock, valued at $2,092,900.96. The disclosure for this sale can be found here. Insiders have sold 26,435 shares of company stock worth $2,944,291 over the last ninety days. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of LGI Homes

Several hedge funds and other institutional investors have recently bought and sold shares of LGIH. Sei Investments Co. lifted its stake in shares of LGI Homes by 2.6% during the 2nd quarter. Sei Investments Co. now owns 3,576 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 89 shares during the last quarter. First National Bank of Omaha grew its stake in LGI Homes by 0.6% in the second quarter. First National Bank of Omaha now owns 14,405 shares of the financial services provider’s stock valued at $1,943,000 after purchasing an additional 92 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in LGI Homes by 35.8% in the fourth quarter. First Horizon Advisors Inc. now owns 353 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 93 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of LGI Homes by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,306 shares of the financial services provider’s stock valued at $1,120,000 after buying an additional 97 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of LGI Homes by 1.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,855 shares of the financial services provider’s stock valued at $790,000 after buying an additional 102 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

NASDAQ LGIH opened at $116.37 on Monday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 13.82 and a beta of 1.83. LGI Homes has a 1-year low of $84.15 and a 1-year high of $141.91. The company has a debt-to-equity ratio of 0.67, a current ratio of 10.66 and a quick ratio of 0.42. The business’s fifty day moving average price is $116.24 and its 200-day moving average price is $114.21.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, February 20th. The financial services provider reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.35). LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. The firm had revenue of $608.41 million during the quarter, compared to the consensus estimate of $663.95 million. During the same period in the prior year, the company posted $1.45 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. On average, equities analysts predict that LGI Homes will post 9.29 earnings per share for the current year.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.