LGI Homes Inc. (NASDAQ:LGIH) Receives $41.00 Consensus PT from Analysts
Shares of LGI Homes Inc. (NASDAQ:LGIH) have received an average recommendation of “Buy” from the six research firms that are presently covering the stock. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.00.
A number of analysts have issued reports on LGIH shares. Zacks Investment Research lowered LGI Homes from a “hold” rating to a “sell” rating in a research report on Monday, June 6th. Wells Fargo & Co. started coverage on LGI Homes in a research report on Wednesday. They issued an “outperform” rating on the stock. Finally, JMP Securities reissued a “buy” rating on shares of LGI Homes in a research report on Saturday, July 9th.
In other news, insider Eric Thomas Lipar sold 10,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $36.66, for a total transaction of $366,600.00. Following the sale, the insider now owns 528,933 shares of the company’s stock, valued at $19,390,683.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 17.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC raised its stake in LGI Homes by 47.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,968,944 shares of the company’s stock worth $62,888,000 after buying an additional 636,102 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in LGI Homes by 38.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,430,993 shares of the company’s stock worth $45,706,000 after buying an additional 398,584 shares in the last quarter. Capital Growth Management LP raised its stake in LGI Homes by 17.6% in the first quarter. Capital Growth Management LP now owns 835,000 shares of the company’s stock worth $20,215,000 after buying an additional 125,000 shares in the last quarter. D.C. Capital Advisors Ltd raised its stake in LGI Homes by 100.0% in the second quarter. D.C. Capital Advisors Ltd now owns 200,000 shares of the company’s stock worth $6,388,000 after buying an additional 100,000 shares in the last quarter. Finally, Mitra Capital LLC bought a new stake in LGI Homes during the first quarter worth $2,032,000. 66.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of LGI Homes (NASDAQ:LGIH) opened at 36.84 on Thursday. The stock has a 50 day moving average price of $36.28 and a 200-day moving average price of $30.79. LGI Homes has a 52-week low of $18.74 and a 52-week high of $40.47. The firm has a market cap of $774.49 million, a PE ratio of 12.17 and a beta of -0.03.
LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The firm had revenue of $222.72 million for the quarter, compared to analyst estimates of $219.52 million. LGI Homes had a net margin of 8.63% and a return on equity of 24.52%. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. On average, equities analysts anticipate that LGI Homes will post $3.39 EPS for the current fiscal year.
About LGI Homes
LGI Homes, Inc is a homebuilder. 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 has five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.
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