Louisiana State Employees Retirement System Purchases Shares of 10,300 LGI Homes, Inc. (NASDAQ:LGIH)

Louisiana State Employees Retirement System purchased a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,300 shares of the financial services provider's stock, valued at approximately $1,372,000.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of LGI Homes in the 4th quarter valued at approximately $71,000. Trust Point Inc. bought a new position in shares of LGI Homes in the 4th quarter valued at approximately $469,000. AlphaMark Advisors LLC raised its stake in shares of LGI Homes by 33.4% in the 4th quarter. AlphaMark Advisors LLC now owns 2,596 shares of the financial services provider's stock valued at $346,000 after acquiring an additional 650 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of LGI Homes by 24.5% in the 4th quarter. Tributary Capital Management LLC now owns 133,742 shares of the financial services provider's stock valued at $17,809,000 after acquiring an additional 26,280 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of LGI Homes by 13.7% in the 4th quarter. Raymond James & Associates now owns 53,668 shares of the financial services provider's stock valued at $7,146,000 after acquiring an additional 6,468 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Stock Performance

Shares of LGIH traded up $0.54 on Monday, reaching $93.92. 172,045 shares of the stock traded hands, compared to its average volume of 197,789. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 11.15 and a beta of 1.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 10.66 and a quick ratio of 0.42. LGI Homes, Inc. has a 12 month low of $84.15 and a 12 month high of $141.91. The stock's 50-day moving average price is $109.74 and its 200-day moving average price is $113.70.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $2.19 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.35). The company had revenue of $608.41 million during the quarter, compared to analyst estimates of $663.95 million. LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. LGI Homes's quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. Equities analysts forecast that LGI Homes, Inc. will post 9.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other LGI Homes news, General Counsel Scott James Garber sold 1,212 shares of the business's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $135,683.40. Following the transaction, the general counsel now owns 13,824 shares of the company's stock, valued at $1,547,596.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Charles Michael Merdian sold 6,361 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $111.95, for a total transaction of $712,113.95. Following the transaction, the chief financial officer now owns 9,458 shares of the company's stock, valued at $1,058,823.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Scott James Garber sold 1,212 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $111.95, for a total value of $135,683.40. Following the transaction, the general counsel now directly owns 13,824 shares in the company, valued at approximately $1,547,596.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,435 shares of company stock valued at $2,944,291. 12.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LGIH has been the topic of a number of recent analyst reports. JMP Securities reissued a "market outperform" rating and issued a $160.00 price objective on shares of LGI Homes in a research note on Friday, April 5th. Wedbush reaffirmed an "underperform" rating and issued a $74.00 price target (down from $88.00) on shares of LGI Homes in a research report on Tuesday, April 2nd. Finally, StockNews.com downgraded LGI Homes from a "hold" rating to a "sell" rating in a research report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $110.50.

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.