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

Key Points

• LGI Homes, Inc. has received a consensus rating of "Hold" from brokerages, with one analyst rating it a sell, two as hold, and two as buy, while the average target price is set at $75.00.
• In its latest quarterly earnings, LGI Homes reported $1.36 earnings per share, exceeding estimates, but saw a 19.8% decrease in revenue compared to the previous year.
• Institutional investors currently hold about 84.89% of LGI Homes stock, indicating strong investment interest in the company.

Shares of LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) have received an average rating of "Hold" from the five brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $75.6667.

LGIH has been the subject of a number of research analyst reports. JMP Securities lifted their price objective on shares of LGI Homes from $75.00 to $85.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 27th. Citigroup reaffirmed a "market outperform" rating on shares of LGI Homes in a research report on Wednesday, August 27th. Wedbush reaffirmed a "neutral" rating and set a $95.00 price objective on shares of LGI Homes in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a research report on Wednesday, July 9th.

LGI Homes Stock Performance

LGIH stock traded up $1.55 during midday trading on Tuesday, reaching $67.01. 356,897 shares of the company were exchanged, compared to its average volume of 409,659. The company has a debt-to-equity ratio of 0.85, a current ratio of 18.18 and a quick ratio of 0.64. The business has a 50-day moving average price of $58.53 and a two-hundred day moving average price of $59.58. LGI Homes has a one year low of $47.17 and a one year high of $125.83. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.11 and a beta of 1.75.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of LGI Homes by 453.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 435 shares during the period. Russell Investments Group Ltd. lifted its position in shares of LGI Homes by 106.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 305 shares during the period. Caitong International Asset Management Co. Ltd lifted 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 valued at $42,000 after acquiring an additional 631 shares during the period. Signaturefd LLC lifted its position in shares of LGI Homes by 284.4% during the 2nd quarter. Signaturefd LLC now owns 815 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 603 shares during the period. Finally, Rexford Capital Inc. bought a new stake in shares of LGI Homes during the 2nd quarter valued at $52,000. Institutional investors own 84.89% of the company's stock.

LGI Homes Company 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.