Analysts Set LGI Homes, Inc. (NASDAQ:LGIH) PT at $93.33

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has received a consensus recommendation of "Hold" from the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $93.33.

LGIH has been the topic of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $140.00 price target on shares of LGI Homes in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price target on LGI Homes from $52.00 to $47.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 9th. Finally, Wedbush reaffirmed a "neutral" rating and set a $93.00 price target on shares of LGI Homes in a research report on Monday, July 7th.

Institutional Investors Weigh In On LGI Homes

A number of institutional investors have recently modified their holdings of LGIH. Khrom Capital Management LLC grew its position in shares of LGI Homes by 19.4% during the 4th quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock valued at $97,965,000 after acquiring an additional 177,698 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LGI Homes during the 4th quarter valued at about $15,507,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of LGI Homes during the 1st quarter valued at about $5,123,000. Nuveen LLC acquired a new stake in shares of LGI Homes during the 1st quarter valued at about $4,313,000. Finally, GAMMA Investing LLC grew its position in shares of LGI Homes by 21,108.3% during the 1st quarter. GAMMA Investing LLC now owns 58,959 shares of the financial services provider's stock valued at $3,919,000 after acquiring an additional 58,681 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Stock Up 1.5%

LGI Homes stock traded up $0.79 during mid-day trading on Monday, reaching $52.30. 210,949 shares of the company were exchanged, compared to its average volume of 261,517. The business has a fifty day moving average of $52.51 and a 200 day moving average of $66.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 16.58. The firm has a market cap of $1.22 billion, a P/E ratio of 6.75 and a beta of 1.76. LGI Homes has a 12-month low of $47.17 and a 12-month high of $125.83.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.29). LGI Homes had a net margin of 8.46% and a return on equity of 9.49%. The business had revenue of $351.42 million for the quarter, compared to analysts' expectations of $380.07 million. During the same quarter in the prior year, the company posted $0.72 EPS. The business's revenue for the quarter was down 10.1% on a year-over-year basis. Research analysts anticipate that LGI Homes will post 8.46 earnings per share for the current fiscal year.

About LGI Homes

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.