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

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has received an average recommendation of "Hold" from the five research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $71.6667.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on LGI Homes from $52.00 to $47.00 and set an "underweight" rating for the company in a report on Wednesday, July 9th. Citigroup restated an "outperform" rating on shares of LGI Homes in a report on Thursday. JMP Securities reduced their price objective on shares of LGI Homes from $140.00 to $75.00 and set a "market outperform" rating for the company in a research note on Thursday. Finally, Wedbush reiterated a "neutral" rating and issued a $93.00 target price on shares of LGI Homes in a report on Monday, July 7th.

LGI Homes Stock Performance

Shares of LGIH opened at $57.23 on Friday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 8.63 and a beta of 1.69. LGI Homes has a 12-month low of $47.17 and a 12-month high of $125.83. The company has a debt-to-equity ratio of 0.85, a current ratio of 18.18 and a quick ratio of 0.54. The firm's 50 day moving average is $52.92 and its 200-day moving average is $63.28.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its stake in LGI Homes by 453.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider's stock worth $27,000 after acquiring an additional 435 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of LGI Homes by 12,620.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider's stock worth $42,000 after purchasing an additional 631 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of LGI Homes by 284.4% during the second quarter. Signaturefd LLC now owns 815 shares of the financial services provider's stock worth $42,000 after purchasing an additional 603 shares during the period. Sterling Capital Management LLC grew its position in LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 545 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in LGI Homes by 219.1% during the first quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other 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.

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