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

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 0.2%

Shares of LGI Homes stock traded down $0.11 during trading hours on Tuesday, hitting $59.58. 352,974 shares of the company's stock traded hands, compared to its average volume of 242,108. LGI Homes, Inc. has a twelve month low of $52.48 and a twelve month high of $125.83. The stock has a 50 day simple moving average of $62.62 and a 200-day simple moving average of $82.80. 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 $1.39 billion, a PE ratio of 7.14 and a beta of 1.93.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.29). The company had revenue of $351.42 million during 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%. The company's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. Equities research analysts anticipate that LGI Homes, Inc. will post 8.46 earnings per share for the current fiscal year.

Insider Buying and Selling at LGI Homes

In related news, COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction dated 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 trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.30% of the company's stock.

Analyst Upgrades and Downgrades

LGIH has been the topic of several research analyst reports. Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on shares of LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $140.00 price objective on shares of LGI Homes in a research note on Wednesday, April 30th.

Hedge Funds Weigh In On LGI Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in LGI Homes by 131.4% in the third quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider's stock worth $13,222,000 after purchasing an additional 63,346 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of LGI Homes by 19.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,212 shares of the financial services provider's stock worth $734,000 after buying an additional 1,357 shares during the period. Inspire Investing LLC boosted its stake in LGI Homes by 28.8% in the 4th quarter. Inspire Investing LLC now owns 4,493 shares of the financial services provider's stock valued at $402,000 after buying an additional 1,005 shares in the last quarter. Blue Trust Inc. grew its position in LGI Homes by 112.9% in the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 184 shares during the period. Finally, KBC Group NV grew its position in LGI Homes by 51.6% in the fourth quarter. KBC Group NV now owns 1,110 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 378 shares during the period. 84.89% of the stock is currently 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.

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.