LGI Homes, Inc. (NASDAQ:LGIH) Receives Consensus Rating of “Hold” from Brokerages

LGI Homes, Inc. (NASDAQ:LGIH) has been given a consensus rating of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $74.6250.

Several research firms have recently issued reports on LGIH. Citigroup reaffirmed an “outperform” rating on shares of LGI Homes in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of LGI Homes in a research report on Monday, December 29th. Finally, Citizens Jmp boosted their target price on shares of LGI Homes from $85.00 to $95.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 7th.

Insider Transactions at LGI Homes

In related news, CFO Charles Michael Merdian sold 7,211 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $42.04, for a total value of $303,150.44. Following the completion of the sale, the chief financial officer directly owned 20,540 shares in the company, valued at $863,501.60. This represents a 25.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Scott James Garber sold 1,353 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $42.04, for a total value of $56,880.12. Following the transaction, the general counsel directly owned 21,716 shares of the company’s stock, valued at approximately $912,940.64. This represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,451 shares of company stock worth $943,840. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On LGI Homes

A number of institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of LGI Homes by 75.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 237 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of LGI Homes by 106.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 305 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of LGI Homes in the 4th quarter valued at about $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of LGI Homes in the 4th quarter valued at about $32,000. Finally, Rockefeller Capital Management L.P. increased its position 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 in the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Trading Down 7.7%

Shares of LGIH stock opened at $34.22 on Friday. LGI Homes has a twelve month low of $33.55 and a twelve month high of $72.86. The stock’s fifty day simple moving average is $50.97 and its 200 day simple moving average is $49.93. The company has a quick ratio of 0.76, a current ratio of 20.98 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $791.39 million, a P/E ratio of 10.93 and a beta of 1.88.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, February 17th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. LGI Homes had a return on equity of 4.08% and a net margin of 4.25%.The firm had revenue of $473.97 million during the quarter, compared to the consensus estimate of $479.60 million. During the same period last year, the company earned $2.15 earnings per share. The business’s quarterly revenue was down 15.0% on a year-over-year basis. As a group, sell-side analysts predict that LGI Homes will post 8.46 EPS for the current fiscal year.

LGI Homes Company Profile

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.