ValuEngine upgraded shares of LGI Homes, Inc. (NASDAQ:LGIH) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other research firms have also issued reports on LGIH. Wedbush reaffirmed a neutral rating and set a $35.00 price target on shares of LGI Homes in a research report on Tuesday, July 4th. Zacks Investment Research upgraded shares of LGI Homes from a hold rating to a strong-buy rating and set a $49.00 price target for the company in a research note on Tuesday, July 18th. BidaskClub raised shares of LGI Homes from a buy rating to a strong-buy rating in a research report on Monday, July 24th. J P Morgan Chase & Co downgraded shares of LGI Homes from an overweight rating to a neutral rating and set a $49.00 price objective for the company. in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG boosted their price objective on shares of LGI Homes from $40.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $47.00.

Shares of LGI Homes (LGIH) opened at 48.97 on Friday. The stock has a 50 day moving average price of $45.17 and a 200 day moving average price of $38.68. The firm has a market capitalization of $1.06 billion, a P/E ratio of 13.00 and a beta of 0.11. LGI Homes has a 12 month low of $26.82 and a 12 month high of $50.91.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, beating 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 company had revenue of $324.20 million during the quarter, compared to the consensus estimate of $317.63 million. During the same quarter in the prior year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 45.6% compared to the same quarter last year. On average, analysts expect that LGI Homes will post $4.29 earnings per share for the current year.

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In related news, CEO Eric Thomas Lipar sold 10,000 shares of LGI Homes stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $42.59, for a total transaction of $425,900.00. Following the completion of the sale, the chief executive officer now owns 524,175 shares of the company’s stock, valued at approximately $22,324,613.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bryan Christopher Sansbury sold 25,000 shares of LGI Homes 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 sale, the director now directly owns 159,551 shares of the company’s stock, valued at approximately $7,387,211.30. The disclosure for this sale can be found here. Insiders have sold a total of 38,500 shares of company stock worth $1,743,735 over the last three months. 13.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in LGI Homes by 85.3% in the 1st quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 1,422 shares during the period. LS Investment Advisors LLC lifted its position in LGI Homes by 414.6% during the first quarter. LS Investment Advisors LLC now owns 3,103 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 2,500 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in LGI Homes by 14.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 402 shares during the last quarter. State of Alaska Department of Revenue lifted its position in LGI Homes by 82.4% during the second quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 1,533 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its position in 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 and hedge funds own 93.37% of the company’s stock.

LGI Homes Company Profile

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.

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Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

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