Wedbush Weighs in on LGI Homes' Q2 Earnings (NASDAQ:LGIH)

Key Points

• Wedbush has lowered its Q2 2026 earnings estimate for LGI Homes from $1.27 to $1.16 per share, maintaining a "Neutral" rating with a price target of $93.00.
• In Q2, LGI Homes reported $1.36 earnings per share, exceeding expectations but with revenue down 19.8% year-over-year at $483.49 million.
• Institutional investors hold 84.89% of LGI Homes' stock, with notable increases in shareholdings by firms like Summit Investment Advisors and Mariner LLC.

LGI Homes, Inc. (NASDAQ:LGIH - Free Report) - Equities researchers at Wedbush lowered their Q2 2026 earnings per share estimates for shares of LGI Homes in a research report issued on Tuesday, August 5th. Wedbush analyst J. Mccanless now forecasts that the financial services provider will earn $1.16 per share for the quarter, down from their prior estimate of $1.27. Wedbush currently has a "Neutral" rating and a $93.00 target price on the stock. The consensus estimate for LGI Homes' current full-year earnings is $8.46 per share. Wedbush also issued estimates for LGI Homes' Q1 2027 earnings at $0.90 EPS, Q2 2027 earnings at $1.40 EPS and FY2027 earnings at $5.60 EPS.

LGIH has been the topic of several other reports. Citigroup reiterated an "outperform" rating on shares of LGI Homes in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on LGI Homes from $52.00 to $47.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 9th. Finally, JMP Securities reduced their price objective on LGI Homes from $140.00 to $75.00 and set a "market outperform" rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, LGI Homes currently has a consensus rating of "Hold" and an average price target of $71.67.

LGI Homes Trading Down 0.6%

NASDAQ LGIH traded down $0.34 during trading hours on Thursday, hitting $56.78. 120,946 shares of the company's stock were exchanged, compared to its average volume of 322,460. The business's 50 day moving average is $53.06 and its 200-day moving average is $62.62. LGI Homes has a 12-month low of $47.17 and a 12-month high of $125.83. The firm has a market capitalization of $1.31 billion, a P/E ratio of 8.59 and a beta of 1.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 18.18.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.15. LGI Homes had a return on equity of 8.00% and a net margin of 7.63%. The business had revenue of $483.49 million for the quarter, compared to analyst estimates of $546.96 million. During the same quarter in the previous year, the company posted $2.48 earnings per share. The company's revenue for the quarter was down 19.8% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LGIH. MassMutual Private Wealth & Trust FSB increased its holdings in LGI Homes by 453.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider's stock valued at $27,000 after buying an additional 435 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in LGI Homes by 12,620.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 636 shares of the financial services provider's stock worth $42,000 after purchasing an additional 631 shares during the last quarter. Signaturefd LLC lifted its stake in shares of LGI Homes by 284.4% in the 2nd quarter. Signaturefd LLC now owns 815 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 603 shares during the period. Sterling Capital Management LLC lifted its stake in shares of LGI Homes by 801.5% in the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 545 shares during the period. Finally, GAMMA Investing LLC raised its position in LGI Homes by 219.1% during the first quarter. GAMMA Investing LLC now owns 887 shares of the financial services provider's stock worth $59,000 after acquiring an additional 609 shares during the period. 84.89% of the stock is owned by institutional investors.

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.