LGI Homes, Inc. (NASDAQ:LGIH) Stock Has Average Target Price of $65.33 According to Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $68.00.

A number of equities research analysts have weighed in on LGIH shares. Citigroup reissued a “market outperform” rating on shares of LGI Homes in a report on Tuesday. Wall Street Zen raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings downgraded shares of LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 21st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in LGI Homes during the 2nd quarter valued at approximately $226,799,000. Altshuler Shaham Ltd lifted its position in shares of LGI Homes by 5.4% in the 1st quarter. Altshuler Shaham Ltd now owns 1,087,263 shares of the financial services provider’s stock worth $42,980,000 after purchasing an additional 55,465 shares during the period. Atlas FRM LLC acquired a new position in shares of LGI Homes in the 2nd quarter worth approximately $61,578,560. River Road Asset Management LLC boosted its stake in shares of LGI Homes by 2.0% in the 4th quarter. River Road Asset Management LLC now owns 931,391 shares of the financial services provider’s stock valued at $40,013,000 after purchasing an additional 18,682 shares during the last quarter. Finally, CDAM UK Ltd boosted its stake in shares of LGI Homes by 15.4% in the 4th quarter. CDAM UK Ltd now owns 743,153 shares of the financial services provider’s stock valued at $31,926,000 after purchasing an additional 99,090 shares during the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Stock Performance

Shares of LGIH stock opened at $43.82 on Wednesday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 15.38 and a beta of 1.86. The company has a current ratio of 17.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.74. The business’s 50-day moving average price is $53.25 and its 200-day moving average price is $51.01. LGI Homes has a 12 month low of $33.55 and a 12 month high of $66.25.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $516.05 million during the quarter, compared to the consensus estimate of $489.23 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share.

About LGI Homes

LGI Homes, Inc is a residential construction company that designs, builds and sells new homes primarily to first-time buyers, move-up buyers and active-adult customers. Its portfolio generally includes single-family homes and, in select communities, townhomes and other attached housing. The company offers homes in a range of floor plans and typically emphasizes value-oriented designs, included features and move-in-ready construction.

Founded in 2003, LGI Homes serves buyers through communities across multiple regions of the United States, including markets in the South, Southeast, Southwest, West and select other metropolitan areas.