Charles Michael Merdian Sells 7,211 Shares of LGI Homes (NASDAQ:LGIH) Stock

Key Points

• CFO Charles Michael Merdian sold 7,211 shares of LGI Homes on March 9 at an average price of $42.04 for about $303,150, cutting his ownership by 25.98% to 20,540 shares (valued ≈ $863,502).
• LGI reported Q4 EPS of $0.97 (vs. $0.96 est.) while revenue fell 15% YoY to $473.97M, and the stock traded down about 2.5% to $42.55 — near its 12‑month low of $39.70 with a market cap around $984M.

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) CFO Charles Michael Merdian sold 7,211 shares of the business's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $42.04, for a total value of $303,150.44. Following the transaction, the chief financial officer owned 20,540 shares of the company's stock, valued at $863,501.60. The trade was 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 the SEC website.

LGI Homes Trading Down 2.5%

Shares of LGIH stock traded down $1.11 on Tuesday, reaching $42.55. The company had a trading volume of 374,149 shares, compared to its average volume of 395,271. The stock has a market cap of $984.18 million, a PE ratio of 13.59 and a beta of 1.88. The company has a 50-day moving average of $51.82 and a 200-day moving average of $51.25. The company has a current ratio of 20.98, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. LGI Homes, Inc. has a 12 month low of $39.70 and a 12 month high of $76.42.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.01. LGI Homes had a net margin of 4.25% and a return on equity of 4.08%. The firm had revenue of $473.97 million during the quarter, compared to analysts' expectations of $479.60 million. During the same quarter in the previous year, the company earned $2.15 earnings per share. The business's revenue for the quarter was down 15.0% on a year-over-year basis. On average, equities analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Hedge Funds Weigh In On LGI Homes

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caxton Associates LLP bought a new stake in shares of LGI Homes in the second quarter valued at about $1,728,000. Tributary Capital Management LLC grew its holdings in shares of LGI Homes by 93.1% during the third quarter. Tributary Capital Management LLC now owns 386,072 shares of the financial services provider's stock worth $19,964,000 after buying an additional 186,159 shares in the last quarter. Voss Capital LP acquired a new stake in LGI Homes in the 2nd quarter valued at approximately $11,592,000. Creative Planning raised its position in LGI Homes by 180.0% in the 2nd quarter. Creative Planning now owns 33,449 shares of the financial services provider's stock valued at $1,723,000 after buying an additional 21,505 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in LGI Homes by 171.3% in the 2nd quarter. Jump Financial LLC now owns 87,515 shares of the financial services provider's stock valued at $4,509,000 after acquiring an additional 55,259 shares in the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LGIH shares. Citigroup reissued an "outperform" rating on shares of LGI Homes in a report on Wednesday, January 7th. Weiss Ratings reiterated a "sell (d)" rating on shares of LGI Homes in a report on Monday, December 29th. Finally, Citizens Jmp boosted their target price on LGI Homes from $85.00 to $95.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $74.63.

About LGI Homes

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.

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