LGI Homes (NASDAQ:LGIH) Hits New 1-Year Low - Should You Sell?

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $47.67 and last traded at $47.79, with a volume of 381142 shares trading hands. The stock had previously closed at $50.50.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LGIH shares. JMP Securities restated a "market outperform" rating and set a $140.00 price target on shares of LGI Homes in a research report on Wednesday, April 30th. Wedbush dropped their target price on shares of LGI Homes from $100.00 to $93.00 and set a "neutral" rating on the stock in a report on Thursday, June 5th.

LGI Homes Stock Up 1.5%

The stock's 50 day simple moving average is $54.01 and its two-hundred day simple moving average is $72.87. The firm has a market cap of $1.12 billion, a P/E ratio of 6.20 and a beta of 1.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 16.58 and a quick ratio of 0.54.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. LGI Homes had a net margin of 8.46% and a return on equity of 9.49%. The firm's quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. As a group, research analysts forecast that LGI Homes, Inc. will post 8.46 earnings per share for the current year.

Hedge Funds Weigh In On LGI Homes

Several institutional investors and hedge funds have recently modified their holdings of LGIH. Inspire Investing LLC boosted its stake in LGI Homes by 15.6% in the 1st quarter. Inspire Investing LLC now owns 5,194 shares of the financial services provider's stock worth $345,000 after purchasing an additional 701 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in LGI Homes by 5.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 250,142 shares of the financial services provider's stock valued at $16,627,000 after purchasing an additional 12,524 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in LGI Homes in the first quarter worth about $501,000. Petrus Trust Company LTA bought a new position in shares of LGI Homes in the first quarter worth approximately $484,000. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of LGI Homes during the first quarter valued at approximately $5,123,000. 84.89% of the stock is currently owned by institutional investors.

About LGI Homes

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.