LGI Homes, Inc. (NASDAQ:LGIH) Stock Has Consensus Target Price of $68.00 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on LGI Homes, with two sell, one hold, and two buy recommendations. The average 12-month price target is $68.00, above the reported share price of $44.37.
• Institutional investors and hedge funds own 84.89% of LGI Homes’ stock; several investors increased their positions during the second and third quarters.
• LGI Homes exceeded quarterly expectations, reporting EPS of $1.16 versus a $0.98 estimate and revenue of $516.05 million versus $489.23 million expected. Revenue increased 6.7% year over year, although EPS declined from $1.36 in the prior-year period.

Shares of LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) have received an average rating of "Hold" from the five brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $68.00.

Several research firms have weighed in on LGIH. Citigroup reissued a "market outperform" rating on shares of LGI Homes in a research report on Tuesday, October 6th. Wall Street Zen raised shares of LGI Homes from a "sell" rating to a "hold" rating in a research note on Sunday, August 16th. Finally, Weiss Ratings lowered shares of LGI Homes from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, September 21st.

Hedge Funds Weigh In On LGI Homes

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC increased its stake in LGI Homes by 27.1% during the third quarter. Inspire Investing LLC now owns 13,554 shares of the financial services provider's stock worth $632,000 after acquiring an additional 2,889 shares during the last quarter. Compass Wealth Management LLC acquired a new position in shares of LGI Homes in the 3rd quarter valued at about $33,000. Everhart Financial Group Inc. lifted its stake in shares of LGI Homes by 9.4% in the 3rd quarter. Everhart Financial Group Inc. now owns 7,520 shares of the financial services provider's stock valued at $351,000 after purchasing an additional 648 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of LGI Homes by 125.6% in the 2nd quarter. Tidal Investments LLC now owns 20,301 shares of the financial services provider's stock valued at $1,293,000 after purchasing an additional 11,301 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of LGI Homes during the 2nd quarter worth about $111,000. Institutional investors and hedge funds own 84.89% of the company's stock.

LGI Homes Price Performance

LGIH stock opened at $44.37 on Friday. The firm has a 50 day moving average of $48.61 and a 200-day moving average of $50.31. LGI Homes has a 12-month low of $33.55 and a 12-month high of $66.25. The company has a current ratio of 17.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.74. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 15.57 and a beta of 1.86.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its earnings results 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. LGI Homes had a return on equity of 3.55% and a net margin of 3.88%. The company had revenue of $516.05 million for the quarter, compared to the consensus estimate of $489.23 million. During the same period in the previous year, the business earned $1.36 earnings per share. LGI Homes's quarterly revenue was up 6.7% compared to the same quarter last year.

About LGI Homes

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.

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