LGI Homes, Inc. (NASDAQ:LGIH) Receives $111.67 Average Price Target from Brokerages

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has been given a consensus recommendation of "Hold" by the four research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $111.67.

A number of equities research analysts recently issued reports on LGIH shares. JMP Securities reiterated a "market outperform" rating and issued a $140.00 price objective on shares of LGI Homes in a research report on Wednesday, April 30th. Seaport Res Ptn upgraded LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th.

LGI Homes Price Performance

LGIH traded up $2.37 during trading on Friday, reaching $53.87. 335,203 shares of the company were exchanged, compared to its average volume of 247,977. LGI Homes has a 12-month low of $50.49 and a 12-month high of $125.83. The company's 50-day moving average is $59.29 and its two-hundred day moving average is $79.43. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 6.46 and a beta of 1.93.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.29). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm had revenue of $351.42 million during the quarter, compared to analysts' expectations of $380.07 million. During the same period in the previous year, the company posted $0.72 earnings per share. The company's quarterly revenue was down 10.1% compared to the same quarter last year. Research analysts forecast that LGI Homes will post 8.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction on Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the transaction, the chief operating officer now owns 27,102 shares in the company, valued at $2,058,125.88. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.30% of the company's stock.

Institutional Trading of LGI Homes

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in LGI Homes by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider's stock valued at $203,377,000 after buying an additional 54,039 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of LGI Homes by 11.5% during the fourth quarter. Northern Trust Corp now owns 219,547 shares of the financial services provider's stock worth $19,628,000 after purchasing an additional 22,615 shares during the period. River Road Asset Management LLC boosted its holdings in shares of LGI Homes by 30.6% during the fourth quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider's stock worth $81,168,000 after purchasing an additional 212,468 shares during the period. Raymond James Financial Inc. bought a new stake in shares of LGI Homes in the fourth quarter worth about $15,507,000. Finally, Proficio Capital Partners LLC purchased a new position in LGI Homes during the 4th quarter valued at about $1,934,000. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

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.