LGI Homes, Inc. (NASDAQ:LGIH) Receives Average Rating of "Hold" from Analysts

Key Points

• LGI Homes, Inc. has received a consensus rating of "Hold" from five analysts, with one sell, two hold, and two buy recommendations.
• Analyst price targets range from a low of $47.00 to a high of $95.00, with an average target of $75.67.
• The company's latest quarterly earnings report revealed an EPS of $1.36, surpassing expectations but showing a 19.8% decline in revenue year-over-year.

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has been assigned a consensus rating of "Hold" from the five analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $75.6667.

A number of research firms recently commented on LGIH. JMP Securities lifted their price target on LGI Homes from $75.00 to $85.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 27th. Citigroup reiterated a "market outperform" rating on shares of LGI Homes in a report on Wednesday, August 27th. JPMorgan Chase & Co. reduced their price target on LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a report on Wednesday, July 9th. Finally, Wedbush reiterated a "neutral" rating and set a $95.00 price target on shares of LGI Homes in a report on Friday, September 5th.

Institutional Investors Weigh In On LGI Homes

A number of institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC boosted its holdings in shares of LGI Homes by 56.7% during the second quarter. Squarepoint Ops LLC now owns 46,981 shares of the financial services provider's stock worth $2,420,000 after acquiring an additional 17,004 shares during the period. Caxton Associates LLP bought a new stake in shares of LGI Homes during the second quarter worth approximately $1,728,000. Rexford Capital Inc. bought a new stake in shares of LGI Homes during the second quarter worth approximately $52,000. Public Sector Pension Investment Board boosted its holdings in shares of LGI Homes by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 70,193 shares of the financial services provider's stock worth $3,616,000 after acquiring an additional 4,544 shares during the period. Finally, FORA Capital LLC bought a new stake in shares of LGI Homes during the second quarter worth approximately $247,000. Institutional investors own 84.89% of the company's stock.

LGI Homes Price Performance

NASDAQ:LGIH opened at $52.01 on Friday. 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 stock's 50-day simple moving average is $59.85 and its 200 day simple moving average is $57.93. The company has a market cap of $1.20 billion, a P/E ratio of 7.84 and a beta of 1.75. LGI Homes has a 52-week low of $47.17 and a 52-week high of $120.53.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.00% and a net margin of 7.63%.The business had revenue of $483.49 million during the quarter, compared to analysts' expectations of $546.96 million. During the same quarter last year, the company posted $2.48 earnings per share. LGI Homes's quarterly revenue was down 19.8% on a year-over-year basis. As a group, sell-side analysts forecast that LGI Homes will post 8.46 EPS for the current fiscal year.

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.

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