Rep. Jefferson Shreve Sells Off Shares of LGI Homes, Inc. (NASDAQ:LGIH)

Representative Jefferson Shreve (R-Indiana) recently sold shares of LGI Homes, Inc. NASDAQ: LGIH. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in LGI Homes stock on April 11th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

LGI Homes Stock Down 0.8%

Shares of LGIH traded down $0.44 during trading on Thursday, reaching $56.85. The company's stock had a trading volume of 131,255 shares, compared to its average volume of 242,659. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 6.83 and a beta of 1.93. LGI Homes, Inc. has a twelve month low of $52.48 and a twelve month high of $125.83. The company has a fifty day moving average of $62.27 and a two-hundred day moving average of $82.62.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued 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 company had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. LGI Homes's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. On average, sell-side analysts predict that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Michael Larry Snider sold 1,105 shares of the firm'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 transaction of $83,913.70. Following the completion of the transaction, the chief operating officer now owns 27,102 shares in the company, valued at $2,058,125.88. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and set a $140.00 target price on shares of LGI Homes in a research note on Wednesday, April 30th. Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. River Road Asset Management LLC grew its holdings in 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 buying an additional 212,468 shares during the last quarter. Khrom Capital Management LLC grew its holdings in shares of LGI Homes by 19.4% during the 4th quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock worth $97,965,000 after purchasing an additional 177,698 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of LGI Homes during the 4th quarter worth approximately $15,507,000. Nuveen LLC bought a new position in shares of LGI Homes during the 1st quarter worth approximately $4,313,000. Finally, JPMorgan Chase & Co. lifted its position in shares of LGI Homes by 131.4% during the 3rd 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 during the period. 84.89% of the stock is owned by 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.