LGI Homes (NASDAQ:LGIH - Get Free Report) had its price objective decreased by investment analysts at Wedbush from $100.00 to $93.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. Wedbush's price target indicates a potential upside of 89.95% from the company's current price. Wedbush also issued estimates for LGI Homes' Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $2.14 EPS, Q4 2025 earnings at $2.62 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $2.31 EPS, Q4 2026 earnings at $2.81 EPS and FY2026 earnings at $6.58 EPS.
Separately, JMP Securities reissued a "market outperform" rating and issued a $140.00 price objective on shares of LGI Homes in a report on Wednesday, April 30th.
Get Our Latest Research Report on LGI Homes
LGI Homes Trading Down 1.5%
Shares of LGIH stock traded down $0.73 on Thursday, reaching $48.96. The company had a trading volume of 348,709 shares, compared to its average volume of 250,608. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.15 billion, a PE ratio of 5.87 and a beta of 1.77. The company has a 50-day moving average of $55.89 and a 200-day moving average of $76.08. LGI Homes has a 12 month low of $47.79 and a 12 month high of $125.83.
LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.29). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $351.42 million during the quarter, compared to the consensus estimate of $380.07 million. During the same period last year, the company earned $0.72 earnings per share. The business's revenue was down 10.1% compared to the same quarter last year. On average, equities analysts forecast that LGI Homes will post 8.46 earnings per share for the current year.
Insider Buying and Selling at LGI Homes
In related news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $75.94, for a total value of $83,913.70. Following the transaction, the chief operating officer now directly owns 27,102 shares of the company's stock, valued at $2,058,125.88. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.30% of the company's stock.
Hedge Funds Weigh In On LGI Homes
Hedge funds and other institutional investors have recently made changes to their positions in the stock. River Road Asset Management LLC lifted its stake in 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 buying an additional 212,468 shares during the period. Khrom Capital Management LLC lifted its stake in LGI Homes by 19.4% in the fourth quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock valued at $97,965,000 after buying an additional 177,698 shares during the period. Raymond James Financial Inc. acquired a new position in LGI Homes in the fourth quarter valued at approximately $15,507,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in LGI Homes in the first quarter valued at approximately $5,123,000. Finally, Nuveen LLC acquired a new position in LGI Homes in the first quarter valued at approximately $4,313,000. 84.89% of the stock is owned by institutional investors and hedge funds.
LGI Homes Company Profile
(
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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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