LGI Homes (NASDAQ:LGIH) Shares Down 3.1% - Should You Sell?

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report)'s stock price fell 3.1% on Thursday . The company traded as low as $55.45 and last traded at $54.88. 76,342 shares traded hands during trading, a decline of 71% from the average session volume of 258,966 shares. The stock had previously closed at $56.61.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LGIH. JMP Securities reiterated a "market outperform" rating and set a $140.00 price target on shares of LGI Homes in a research note on Wednesday, April 30th. Wedbush cut their price objective on shares of LGI Homes from $100.00 to $93.00 and set a "neutral" rating for the company in a research report on Thursday, June 5th.

LGI Homes Stock Performance

The company has a market cap of $1.29 billion, a PE ratio of 7.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 16.58. The stock's 50-day simple moving average is $52.82 and its 200 day simple moving average is $68.58.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $351.42 million for the quarter, compared to analysts' expectations of $380.07 million. LGI Homes had a return on equity of 9.49% and a net margin of 8.46%. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, equities analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Hedge Funds Weigh In On LGI Homes

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of LGI Homes by 2.4% in 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 purchasing an additional 54,039 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of LGI Homes by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider's stock valued at $134,491,000 after purchasing an additional 6,706 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of LGI Homes by 2.7% in the 4th quarter. Wasatch Advisors LP now owns 1,395,710 shares of the financial services provider's stock valued at $124,776,000 after purchasing an additional 36,608 shares in the last quarter. Khrom Capital Management LLC increased its holdings in shares of LGI Homes by 19.4% in the 4th quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock valued at $97,965,000 after purchasing an additional 177,698 shares in the last quarter. Finally, River Road Asset Management LLC increased its holdings in shares of LGI Homes by 30.6% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 84.89% of the company's stock.

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.