LGI Homes, Inc. (NASDAQ:LGIH) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a neutral view: LGI Homes has a consensus “Hold” rating, split evenly among two sell, two hold, and two buy recommendations. The average 12-month price target is $72.75.
• Quarterly results exceeded expectations: LGI Homes reported earnings of $1.16 per share versus the $0.98 consensus estimate, while revenue reached $516.05 million, up 6.7% year over year.
• Institutional ownership is high: Institutional investors own 84.89% of the company’s shares, with several investment firms recently increasing their positions.

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has earned an average recommendation of "Hold" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $72.75.

Several equities research analysts recently issued reports on LGIH shares. Weiss Ratings raised LGI Homes from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, September 4th. Wall Street Zen upgraded shares of LGI Homes from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th.

LGI Homes Stock Up 1.5%

Shares of NASDAQ LGIH opened at $49.42 on Friday. LGI Homes has a 1 year low of $33.55 and a 1 year high of $66.25. The firm's 50 day moving average price is $57.37 and its 200 day moving average price is $50.58. The firm has a market cap of $1.15 billion, a P/E ratio of 17.34 and a beta of 1.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 17.74.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The company had revenue of $516.05 million for the quarter, compared to the consensus estimate of $489.23 million. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%.The company's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.36 EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its holdings in 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 worth $28,000 after buying an additional 237 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of LGI Homes by 106.6% in the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider's stock worth $30,000 after buying an additional 305 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of LGI Homes during the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. purchased a new position in LGI Homes during the 4th quarter worth approximately $32,000. Finally, Rockefeller Capital Management L.P. grew its position in LGI Homes by 1,759.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider's stock worth $38,000 after purchasing an additional 827 shares in the last quarter. Institutional investors own 84.89% of the company's stock.

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.

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