Brokerages Set LGI Homes, Inc. (NASDAQ:LGIH) PT at $104.33

Shares of LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) have been assigned an average rating of "Hold" from the four analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $104.33.

A number of research analysts recently issued reports on LGIH shares. JMP Securities reaffirmed a "market outperform" rating and set a $140.00 target price on shares of LGI Homes in a report on Wednesday, April 30th. Wedbush lowered their target price on LGI Homes from $100.00 to $93.00 and set a "neutral" rating on the stock in a report on Thursday, June 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LGIH. Summit Investment Advisors Inc. boosted its position in LGI Homes by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider's stock worth $195,000 after acquiring an additional 141 shares during the period. Mariner LLC boosted its position in LGI Homes by 3.2% during the 4th quarter. Mariner LLC now owns 4,581 shares of the financial services provider's stock worth $410,000 after acquiring an additional 143 shares during the period. Tower Research Capital LLC TRC boosted its position in LGI Homes by 10.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider's stock worth $198,000 after acquiring an additional 212 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in LGI Homes by 8.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,023 shares of the financial services provider's stock worth $201,000 after acquiring an additional 245 shares during the period. Finally, Exencial Wealth Advisors LLC boosted its position in LGI Homes by 8.0% during the 1st quarter. Exencial Wealth Advisors LLC now owns 3,621 shares of the financial services provider's stock worth $241,000 after acquiring an additional 269 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Stock Performance

Shares of NASDAQ LGIH traded up $0.72 during midday trading on Thursday, reaching $48.06. 455,006 shares of the company traded hands, compared to its average volume of 254,094. LGI Homes has a 52 week low of $47.17 and a 52 week high of $125.83. The stock has a 50-day moving average price of $53.84 and a 200 day moving average price of $72.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 16.58 and a quick ratio of 0.54. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 6.20 and a beta of 1.77.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its 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). The firm had revenue of $351.42 million for the quarter, compared to analyst estimates of $380.07 million. LGI Homes had a return on equity of 9.49% and a net margin of 8.46%. LGI Homes's revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. Sell-side analysts anticipate that LGI Homes will post 8.46 earnings per share 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.