LGI Homes (NASDAQ:LGIH) Shares Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of LGI Homes, Inc. NASDAQ: LGIH. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in LGI Homes stock on March 5th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

LGI Homes Stock Performance

LGIH stock traded up $2.13 during trading on Friday, hitting $56.28. 238,991 shares of the company traded hands, compared to its average volume of 235,998. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. LGI Homes, Inc. has a 1 year low of $53.13 and a 1 year high of $125.83. The stock's 50-day simple moving average is $69.84 and its 200 day simple moving average is $89.13. The company has a market cap of $1.32 billion, a PE ratio of 6.75 and a beta of 1.99.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.16). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm had revenue of $557.40 million during the quarter, compared to analyst estimates of $588.56 million. During the same quarter in the prior year, the firm earned $2.19 earnings per share. The business's revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts expect that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LGIH shares. Seaport Res Ptn upgraded shares of LGI Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their price target on LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and issued a $160.00 price objective on shares of LGI Homes in a research report on Friday, January 10th. Finally, Wedbush reiterated a "neutral" rating and set a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, LGI Homes currently has a consensus rating of "Hold" and a consensus price target of $118.33.

Insider Activity

In other news, COO Michael Larry Snider sold 1,105 shares of the company's 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 completion of the sale, the chief operating officer now directly owns 27,102 shares in the company, valued at $2,058,125.88. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.30% of the company's stock.

Institutional Investors Weigh In On LGI Homes

Several large investors have recently bought and sold shares of the company. River Road Asset Management LLC boosted its stake in shares of 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 worth $81,168,000 after acquiring an additional 212,468 shares during the last quarter. Khrom Capital Management LLC lifted its holdings in 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. Raymond James Financial Inc. acquired a new stake in LGI Homes during the 4th quarter worth $15,507,000. JPMorgan Chase & Co. grew its holdings in shares of LGI Homes by 131.4% during the third quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider's stock worth $13,222,000 after buying an additional 63,346 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of LGI Homes by 21,108.3% during the first quarter. GAMMA Investing LLC now owns 58,959 shares of the financial services provider's stock worth $3,919,000 after buying an additional 58,681 shares in the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.