LGI Homes, Inc. (NASDAQ:LGIH) Stock Now Rated “Hold” by Sell-Side Brokerages

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $68.00.

LGIH has been the subject of a number of analyst reports. Citigroup reissued a “market outperform” rating on shares of LGI Homes in a research report on Tuesday, October 6th. Weiss Ratings lowered shares of LGI Homes from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 21st. Finally, Wall Street Zen raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th.

Institutional Investors Weigh In On LGI Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Compass Wealth Management LLC acquired a new stake in LGI Homes in the 3rd quarter worth about $33,000. Rockefeller Capital Management L.P. grew its holdings in LGI Homes by 1,759.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock valued at $38,000 after buying an additional 827 shares during the period. Allworth Financial LP acquired a new position in shares of LGI Homes during the 2nd quarter valued at about $56,000. Public Employees Retirement System of Ohio acquired a new position in shares of LGI Homes during the 2nd quarter valued at about $93,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of LGI Homes during the 2nd quarter worth about $111,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Trading Down 3.4%

Shares of LGIH stock opened at $45.57 on Friday. The firm has a 50-day moving average price of $47.45 and a 200 day moving average price of $50.12. LGI Homes has a twelve month low of $33.55 and a twelve month high of $66.25. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.94 and a beta of 1.88. The company has a current ratio of 15.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.71.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, November 3rd. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.33. LGI Homes had a net margin of 4.05% and a return on equity of 3.75%. The company had revenue of $444.46 million for the quarter, compared to analyst estimates of $438.21 million. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis.

LGI Homes Company Profile

LGI Homes, Inc is a homebuilder that designs, constructs and sells single-family homes in planned residential communities across the United States. The company primarily serves entry-level and first-time homebuyers, while also offering homes for move-up buyers and active-adult customers. Its communities typically feature standardized home designs, modern amenities and financing-related support intended to simplify the homebuying process.

Founded in 2003, LGI Homes has expanded from its original Texas operations into numerous housing markets throughout the South, Southwest and other high-growth regions.