LGI Homes, Inc. (NASDAQ:LGIH) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analyst consensus is “Hold”: Two analysts rate LGI Homes a sell, one a hold and two a buy, with an average 12-month price target of $65.33.
• LGI Homes opened at $46.09, compared with a 52-week range of $33.55 to $66.25, and has a market capitalization of approximately $1.07 billion.
• The company exceeded quarterly expectations, reporting $1.16 in EPS versus the $0.98 consensus estimate and $516.05 million in revenue, up 6.7% year over year.

Shares of LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) have earned an average rating of "Hold" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $65.33.

Several equities research analysts have recently commented on the company. Wall Street Zen raised LGI Homes from a "sell" rating to a "hold" rating in a research note on Sunday, August 16th. Weiss Ratings downgraded LGI Homes from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, September 21st. Finally, Citigroup reiterated a "market outperform" rating on shares of LGI Homes in a research report on Tuesday.

LGI Homes Price Performance

LGI Homes stock opened at $46.09 on Wednesday. LGI Homes has a one year low of $33.55 and a one year high of $66.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.61 and a current ratio of 17.74. The business has a fifty day moving average of $53.97 and a two-hundred day moving average of $50.94. The company has a market cap of $1.07 billion, a P/E ratio of 16.17 and a beta of 1.86.

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

Institutional Investors Weigh In On LGI Homes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its stake in shares of LGI Homes by 1,759.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 827 shares during the last quarter. Allworth Financial LP purchased a new stake in LGI Homes during the second quarter worth approximately $56,000. Public Employees Retirement System of Ohio acquired a new stake in shares of LGI Homes in the second quarter worth $93,000. Integrated Wealth Concepts LLC acquired a new stake in shares of LGI Homes in the second quarter worth $111,000. Finally, GAMMA Investing LLC raised its stake in shares of LGI Homes by 14.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,093 shares of the financial services provider's stock valued at $133,000 after acquiring an additional 269 shares during the period. Hedge funds and other institutional investors own 84.89% of the company's stock.

LGI Homes Company Profile

LGI Homes, Inc is a residential construction company that designs, builds and sells new homes primarily to first-time buyers, move-up buyers and active-adult customers. Its portfolio generally includes single-family homes and, in select communities, townhomes and other attached housing. The company offers homes in a range of floor plans and typically emphasizes value-oriented designs, included features and move-in-ready construction.

Founded in 2003, LGI Homes serves buyers through communities across multiple regions of the United States, including markets in the South, Southeast, Southwest, West and select other metropolitan areas.

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