BidaskClub upgraded shares of LGI Homes (NASDAQ:LGIH) from a sell rating to a hold rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other equities analysts have also recently commented on LGIH. ValuEngine raised shares of LGI Homes from a strong sell rating to a sell rating in a research report on Friday, November 29th. JMP Securities boosted their price objective on LGI Homes from $83.00 to $89.00 and gave the company a market outperform rating in a report on Friday, September 6th. Zacks Investment Research upgraded LGI Homes from a sell rating to a hold rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered LGI Homes from an overweight rating to a neutral rating and upped their price target for the company from $77.00 to $84.50 in a research report on Wednesday, September 11th. Finally, BTIG Research upped their price target on LGI Homes from $62.00 to $65.00 and gave the company a sell rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $83.30.

LGIH stock opened at $73.98 on Friday. LGI Homes has a twelve month low of $40.29 and a twelve month high of $89.00. The company has a current ratio of 14.90, a quick ratio of 1.16 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $1.70 billion, a P/E ratio of 11.65 and a beta of 0.48. The firm has a 50 day simple moving average of $75.81 and a 200-day simple moving average of $75.74.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. LGI Homes had a net margin of 9.43% and a return on equity of 22.07%. The firm had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $486.83 million. During the same period in the prior year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. On average, research analysts predict that LGI Homes will post 6.72 EPS for the current year.

In other news, Director Bryan Christopher Sansbury sold 9,200 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.00, for a total transaction of $662,400.00. Following the sale, the director now directly owns 17,353 shares in the company, valued at approximately $1,249,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. New York State Teachers Retirement System raised its stake in LGI Homes by 1.5% during the 3rd quarter. New York State Teachers Retirement System now owns 13,119 shares of the financial services provider’s stock valued at $1,093,000 after acquiring an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of LGI Homes by 21.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,187 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 206 shares during the period. Prudential Financial Inc. boosted its position in LGI Homes by 0.8% during the second quarter. Prudential Financial Inc. now owns 30,256 shares of the financial services provider’s stock valued at $2,161,000 after purchasing an additional 246 shares during the last quarter. Point72 Asset Management L.P. bought a new position in LGI Homes during the third quarter valued at approximately $25,000. Finally, Brookstone Capital Management increased its position in LGI Homes by 4.7% during the third quarter. Brookstone Capital Management now owns 7,356 shares of the financial services provider’s stock worth $613,000 after buying an additional 332 shares during the last quarter. Institutional investors own 96.57% 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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