Petrus Trust Company LTA Invests $484,000 in LGI Homes, Inc. $LGIH

Key Points

• Petrus Trust Company LTA acquired a new stake in LGI Homes, Inc. by purchasing 7,287 shares valued at approximately $484,000 in the first quarter.
• LGI Homes reported an earnings per share of $1.36 for the last quarter, surpassing the consensus estimate of $1.21, but experienced a 19.8% year-over-year revenue decline.
• The stock currently has a market cap of $1.55 billion with a consensus rating of "Hold" from analysts and an average price target of $75.67.

Petrus Trust Company LTA purchased a new position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,287 shares of the financial services provider's stock, valued at approximately $484,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in shares of LGI Homes by 12,620.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider's stock worth $42,000 after buying an additional 631 shares in the last quarter. GAMMA Investing LLC boosted its stake in LGI Homes by 219.1% in the first quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 609 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in LGI Homes during the 1st quarter worth $71,000. CWM LLC raised its stake in LGI Homes by 50.3% in the first quarter. CWM LLC now owns 1,178 shares of the financial services provider's stock valued at $78,000 after buying an additional 394 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in LGI Homes by 111,600.0% in the first quarter. NBC Securities Inc. now owns 2,234 shares of the financial services provider's stock worth $148,000 after acquiring an additional 2,232 shares in the last quarter. Institutional investors own 84.89% of the company's stock.

LGI Homes Stock Performance

NASDAQ LGIH traded down $3.62 during mid-day trading on Tuesday, reaching $62.85. 393,556 shares of the stock were exchanged, compared to its average volume of 413,604. The company has a market capitalization of $1.45 billion, a P/E ratio of 9.48 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18. The business's 50 day moving average is $58.99 and its 200-day moving average is $59.38. LGI Homes, Inc. has a 1 year low of $47.17 and a 1 year high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.15. LGI Homes had a net margin of 7.63% and a return on equity of 8.00%. The business had revenue of $483.49 million for the quarter, compared to analyst estimates of $546.96 million. During the same period in the prior year, the company posted $2.48 EPS. The company's revenue for the quarter was down 19.8% on a year-over-year basis. On average, equities research analysts forecast that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wedbush reissued a "neutral" rating and set a $95.00 target price on shares of LGI Homes in a research report on Friday. JMP Securities raised their target price on shares of LGI Homes from $75.00 to $85.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. lowered their price target on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating on the stock in a report on Wednesday, July 9th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of LGI Homes in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $75.67.

LGI Homes Profile

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.