LGI Homes (NASDAQ:LGIH - Get Free Report)'s stock had its "sell (d+)" rating restated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price target on LGI Homes from $52.00 to $47.00 and set an "underweight" rating on the stock in a report on Wednesday, July 9th. Citigroup reaffirmed a "market outperform" rating on shares of LGI Homes in a report on Wednesday, August 27th. JMP Securities upped their price target on LGI Homes from $75.00 to $85.00 and gave the company a "market outperform" rating in a report on Wednesday, August 27th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $95.00 price target on shares of LGI Homes in a report on Monday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $75.67.
Read Our Latest Analysis on LGI Homes
LGI Homes Stock Performance
LGIH opened at $47.40 on Wednesday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.15 and a beta of 1.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 18.18 and a quick ratio of 0.64. LGI Homes has a 1-year low of $45.35 and a 1-year high of $118.31. The business has a 50 day moving average price of $58.89 and a two-hundred day moving average price of $56.76.
LGI Homes (NASDAQ:LGIH - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.15. The firm 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 firm's revenue for the quarter was down 19.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.48 earnings per share. Research analysts predict that LGI Homes will post 8.46 EPS for the current fiscal year.
Institutional Trading of LGI Homes
Several large investors have recently added to or reduced their stakes in LGIH. GAMMA Investing LLC raised its stake in 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 purchasing an additional 58,681 shares during the period. SG Americas Securities LLC raised its stake in LGI Homes by 134.0% during the 1st quarter. SG Americas Securities LLC now owns 4,477 shares of the financial services provider's stock valued at $298,000 after purchasing an additional 2,564 shares during the period. Handelsbanken Fonder AB raised its stake in LGI Homes by 34.8% during the 1st quarter. Handelsbanken Fonder AB now owns 10,065 shares of the financial services provider's stock valued at $669,000 after purchasing an additional 2,600 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in LGI Homes by 213.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,234 shares of the financial services provider's stock valued at $680,000 after purchasing an additional 6,970 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in LGI Homes by 22.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,406 shares of the financial services provider's stock valued at $226,000 after purchasing an additional 623 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.
LGI Homes Company Profile
(
Get Free Report)
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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