LGI Homes, Inc. (NASDAQ:LGIH) Receives $122.33 Average Price Target from Analysts

by · The Cerbat Gem

Shares of LGI Homes, Inc. (NASDAQ:LGIH – Get Free Report) have been assigned a consensus rating of “Hold” from the three ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $122.33.

A number of research analysts have recently commented on the company. Wedbush reiterated a “neutral” rating and issued a $125.00 price objective on shares of LGI Homes in a report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price target on shares of LGI Homes from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, December 13th.

Read Our Latest Research Report on LGIH

LGI Homes Trading Up 0.8 %

NASDAQ LGIH opened at $89.40 on Wednesday. LGI Homes has a 52 week low of $84.00 and a 52 week high of $132.23. The firm has a 50 day moving average of $102.38 and a two-hundred day moving average of $104.02. The stock has a market capitalization of $2.10 billion, a PE ratio of 10.72 and a beta of 1.99. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH – Get Free Report) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $2.54 by $0.41. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. During the same quarter in the prior year, the company posted $2.84 earnings per share. LGI Homes’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts expect that LGI Homes will post 8.72 EPS for the current fiscal year.

Institutional Trading of LGI Homes

Several institutional investors and hedge funds have recently made changes to their positions in LGIH. Dimensional Fund Advisors LP increased its position in LGI Homes by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider’s stock worth $134,827,000 after buying an additional 53,031 shares during the period. Disciplined Growth Investors Inc. MN increased its holdings in shares of LGI Homes by 3.7% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider’s stock valued at $111,350,000 after acquiring an additional 33,306 shares during the period. River Road Asset Management LLC raised its position in LGI Homes by 45.9% in the 3rd quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock valued at $82,425,000 after purchasing an additional 218,923 shares during the last quarter. Geode Capital Management LLC boosted its stake in LGI Homes by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 497,039 shares of the financial services provider’s stock worth $58,920,000 after purchasing an additional 7,129 shares during the period. Finally, Altshuler Shaham Ltd grew its position in LGI Homes by 5,860.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock worth $40,696,000 after purchasing an additional 447,130 shares during the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

LGI Homes Company Profile

(Get Free Report

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.

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