Dimensional Fund Advisors LP Raises Stock Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Dimensional Fund Advisors LP grew its holdings in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,504,384 shares of the financial services provider's stock after purchasing an additional 6,706 shares during the period. Dimensional Fund Advisors LP owned about 6.40% of LGI Homes worth $134,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted 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 in the last quarter. Wasatch Advisors LP raised its stake in shares of LGI Homes by 2.7% during the fourth quarter. Wasatch Advisors LP now owns 1,395,710 shares of the financial services provider's stock valued at $124,776,000 after acquiring an additional 36,608 shares in the last quarter. River Road Asset Management LLC boosted its holdings in shares of LGI Homes by 30.6% in the fourth quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider's stock valued at $81,168,000 after purchasing an additional 212,468 shares during the period. CDAM UK Ltd grew its stake in LGI Homes by 2.7% in the fourth quarter. CDAM UK Ltd now owns 733,943 shares of the financial services provider's stock worth $65,615,000 after purchasing an additional 19,048 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in LGI Homes by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 376,793 shares of the financial services provider's stock worth $33,685,000 after purchasing an additional 27,652 shares during the period. 84.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the sale, the chief operating officer now owns 27,102 shares in the company, valued at approximately $2,058,125.88. This represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Wedbush reiterated a "neutral" rating and set a $115.00 target price (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of LGI Homes from $82.00 to $80.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $140.00 price target on shares of LGI Homes in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $111.67.

LGI Homes Stock Down 0.9 %

LGIH stock traded down $0.51 during trading on Thursday, reaching $54.10. 58,106 shares of the company traded hands, compared to its average volume of 238,474. The business has a 50 day simple moving average of $65.91 and a 200 day simple moving average of $86.34. LGI Homes, Inc. has a 12 month low of $52.48 and a 12 month high of $125.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 6.51 and a beta of 1.99.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.29). The firm had revenue of $351.42 million during the quarter, compared to the consensus estimate of $380.07 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm's quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 earnings per share. On average, equities research analysts anticipate that LGI Homes, Inc. 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.