BidaskClub lowered shares of LGI Homes (NASDAQ:LGIH) from a strong-buy rating to a buy rating in a report issued on Friday morning, BidAskClub reports.

A number of other brokerages have also recently commented on LGIH. JMP Securities upped their price target on LGI Homes from $83.00 to $89.00 and gave the company a market outperform rating in a research report on Friday, September 6th. JPMorgan Chase & Co. lowered LGI Homes from an overweight rating to a neutral rating and boosted their price objective for the company from $77.00 to $84.50 in a research note on Wednesday, September 11th. Zacks Investment Research upgraded LGI Homes from a hold rating to a buy rating and set a $83.00 price objective on the stock in a research note on Wednesday, July 17th. ValuEngine lowered LGI Homes from a buy rating to a hold rating in a research note on Friday, July 19th. Finally, BTIG Research lowered LGI Homes from a neutral rating to a sell rating and set a $62.00 price objective on the stock. in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $78.08.

Shares of NASDAQ LGIH opened at $79.83 on Friday. LGI Homes has a one year low of $37.16 and a one year high of $85.41. The company has a debt-to-equity ratio of 0.92, a current ratio of 15.20 and a quick ratio of 1.34. The business’s fifty day moving average price is $77.36 and its 200-day moving average price is $70.04. The stock has a market capitalization of $1.83 billion, a PE ratio of 12.57 and a beta of 0.51.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.20. LGI Homes had a return on equity of 21.68% and a net margin of 9.31%. The firm had revenue of $461.83 million for the quarter, compared to analysts’ expectations of $465.08 million. During the same quarter in the prior year, the firm earned $1.90 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that LGI Homes will post 6.73 EPS for the current fiscal year.

In related news, CEO Eric Thomas Lipar sold 25,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $80.28, for a total transaction of $2,007,000.00. Following the sale, the chief executive officer now directly owns 528,058 shares in the company, valued at approximately $42,392,496.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bryan Christopher Sansbury sold 8,949 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $80.91, for a total value of $724,063.59. Following the sale, the director now owns 160,121 shares in the company, valued at $12,955,390.11. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC increased its stake in LGI Homes by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,980 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 195 shares during the last quarter. Prudential Financial Inc. increased its stake in LGI Homes by 0.8% in the 2nd quarter. Prudential Financial Inc. now owns 30,256 shares of the financial services provider’s stock worth $2,161,000 after acquiring an additional 246 shares during the last quarter. Piedmont Investment Advisors Inc. increased its stake in LGI Homes by 6.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,706 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 276 shares during the last quarter. Brookstone Capital Management increased its stake in LGI Homes by 4.9% in the 2nd quarter. Brookstone Capital Management now owns 7,024 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 330 shares during the last quarter. Finally, Comerica Bank increased its stake in LGI Homes by 2.1% in the 1st quarter. Comerica Bank now owns 18,463 shares of the financial services provider’s stock worth $1,239,000 after acquiring an additional 384 shares during the last quarter. Institutional investors own 94.62% 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, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

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