LGI Homes (NASDAQ:LGIH) had its price target reduced by Wells Fargo & Co from $63.00 to $44.00 in a research note released on Wednesday, The Fly reports. They currently have an average rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the stock. JMP Securities set a $60.00 price target on shares of LGI Homes and gave the stock a buy rating in a research report on Wednesday. Zacks Investment Research upgraded shares of LGI Homes from a sell rating to a hold rating in a research report on Wednesday. BidaskClub upgraded shares of LGI Homes from a sell rating to a hold rating in a research report on Friday, November 2nd. Wedbush set a $55.00 price target on shares of LGI Homes and gave the stock a hold rating in a research report on Thursday, October 4th. Finally, ValuEngine cut shares of LGI Homes from a sell rating to a strong sell rating in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. LGI Homes presently has an average rating of Hold and an average price target of $56.70.

Shares of NASDAQ:LGIH traded up $1.06 during trading on Wednesday, hitting $41.26. 631,151 shares of the company’s stock were exchanged, compared to its average volume of 482,583. LGI Homes has a 1-year low of $37.16 and a 1-year high of $81.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 13.89 and a quick ratio of 1.47. The stock has a market cap of $905.05 million, a price-to-earnings ratio of 8.72, a P/E/G ratio of 0.56 and a beta of 0.25.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. LGI Homes had a net margin of 9.99% and a return on equity of 27.08%. The company had revenue of $380.37 million during the quarter, compared to analysts’ expectations of $378.96 million. During the same quarter in the previous year, the company earned $1.40 EPS. LGI Homes’s revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that LGI Homes will post 6.07 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. United Services Automobile Association grew its holdings in LGI Homes by 26.4% during the second quarter. United Services Automobile Association now owns 4,741 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 989 shares during the period. Brookstone Capital Management grew its holdings in LGI Homes by 40.3% during the third quarter. Brookstone Capital Management now owns 5,080 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 1,458 shares during the period. Montgomery Investment Management Inc. grew its holdings in LGI Homes by 1.8% during the second quarter. Montgomery Investment Management Inc. now owns 86,380 shares of the financial services provider’s stock valued at $4,987,000 after purchasing an additional 1,500 shares during the period. LPL Financial LLC grew its holdings in LGI Homes by 36.7% during the first quarter. LPL Financial LLC now owns 6,548 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 1,758 shares during the period. Finally, Rhumbline Advisers grew its holdings in LGI Homes by 4.5% during the second quarter. Rhumbline Advisers now owns 43,142 shares of the financial services provider’s stock valued at $2,491,000 after purchasing an additional 1,847 shares during the period. Hedge funds and other institutional investors own 87.73% of the company’s stock.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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