LGI Homes (NASDAQ:LGIH) Cut to “Sell” at StockNews.com

StockNews.com cut shares of LGI Homes (NASDAQ:LGIH) from a hold rating to a sell rating in a research report released on Tuesday.

LGIH has been the topic of several other reports. JMP Securities reiterated a market outperform rating and issued a $160.00 target price on shares of LGI Homes in a research note on Tuesday, February 27th. Wedbush decreased their price target on shares of LGI Homes from $97.00 to $88.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, LGI Homes has an average rating of Hold and an average target price of $114.00.

LGI Homes Trading Up 1.9 %

Shares of LGIH stock opened at $116.37 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.42 and a current ratio of 10.66. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 13.82 and a beta of 1.83. LGI Homes has a 52-week low of $84.15 and a 52-week high of $141.91. The company has a 50-day simple moving average of $116.41 and a two-hundred day simple moving average of $114.24.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, February 20th. The financial services provider reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.35). The company had revenue of $608.41 million during the quarter, compared to analysts’ expectations of $663.95 million. LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Research analysts anticipate that LGI Homes will post 9.29 EPS for the current fiscal year.

Insider Activity at LGI Homes

In related news, CFO Charles Michael Merdian sold 6,361 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $111.95, for a total transaction of $712,113.95. Following the transaction, the chief financial officer now owns 9,458 shares of the company’s stock, valued at approximately $1,058,823.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other LGI Homes news, CFO Charles Michael Merdian sold 6,361 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $111.95, for a total value of $712,113.95. Following the sale, the chief financial officer now owns 9,458 shares of the company’s stock, valued at approximately $1,058,823.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael Larry Snider sold 7,993 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $110.06, for a total transaction of $879,709.58. Following the completion of the sale, the chief operating officer now directly owns 19,016 shares in the company, valued at approximately $2,092,900.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,435 shares of company stock valued at $2,944,291. Insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Cim LLC purchased a new position in LGI Homes during the 4th quarter valued at about $488,000. Polen Capital Management LLC purchased a new position in LGI Homes during the 4th quarter valued at about $3,360,000. Price T Rowe Associates Inc. MD lifted its position in LGI Homes by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,832 shares of the financial services provider’s stock valued at $1,709,000 after acquiring an additional 755 shares during the period. NFJ Investment Group LLC purchased a new position in LGI Homes during the 4th quarter valued at about $1,986,000. Finally, Barclays PLC lifted its position in LGI Homes by 16.4% during the 4th quarter. Barclays PLC now owns 146,569 shares of the financial services provider’s stock valued at $19,517,000 after acquiring an additional 20,665 shares during the period. 84.89% of the stock is owned by hedge funds and other institutional investors.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.