LGI Homes (NASDAQ:LGIH - Get Free Report) had its target price dropped by research analysts at JPMorgan Chase & Co. from $52.00 to $47.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "underweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 12.05% from the company's current price.
Other equities analysts have also issued reports about the company. JMP Securities restated a "market outperform" rating and set a $140.00 price target on shares of LGI Homes in a research report on Wednesday, April 30th. Wedbush reiterated a "neutral" rating and issued a $93.00 price objective on shares of LGI Homes in a research report on Monday.
View Our Latest Stock Analysis on LGIH
LGI Homes Stock Up 2.5%
LGIH opened at $53.44 on Wednesday. The stock has a fifty day moving average of $52.64 and a 200-day moving average of $68.20. LGI Homes has a fifty-two week low of $47.17 and a fifty-two week high of $125.83. The company has a market capitalization of $1.25 billion, a P/E ratio of 6.90 and a beta of 1.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 16.58.
LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.29). The firm had revenue of $351.42 million for the quarter, compared to analysts' expectations of $380.07 million. LGI Homes had a net margin of 8.46% and a return on equity of 9.49%. The business's quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. On average, equities analysts expect that LGI Homes will post 8.46 EPS for the current year.
Institutional Investors Weigh In On LGI Homes
Hedge funds have recently made changes to their positions in the company. Summit Investment Advisors Inc. raised its stake in LGI Homes by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock valued at $195,000 after buying an additional 141 shares during the last quarter. Mariner LLC raised its stake in shares of LGI Homes by 3.2% in the fourth quarter. Mariner LLC now owns 4,581 shares of the financial services provider's stock worth $410,000 after purchasing an additional 143 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of LGI Homes by 10.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock worth $198,000 after purchasing an additional 212 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of LGI Homes by 8.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,023 shares of the financial services provider's stock worth $201,000 after purchasing an additional 245 shares during the last quarter. Finally, Exencial Wealth Advisors LLC raised its stake in shares of LGI Homes by 8.0% in the first quarter. Exencial Wealth Advisors LLC now owns 3,621 shares of the financial services provider's stock worth $241,000 after purchasing an additional 269 shares during the last quarter. 84.89% of the stock is currently owned by institutional investors.
LGI Homes Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider LGI Homes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LGI Homes wasn't on the list.
While LGI Homes currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
