LGI Homes (NASDAQ:LGIH) Earns Neutral Rating from Wedbush

LGI Homes (NASDAQ:LGIH - Get Free Report)'s stock had its "neutral" rating reaffirmed by stock analysts at Wedbush in a research note issued to investors on Monday,RTT News reports. They currently have a $93.00 price target on the financial services provider's stock. Wedbush's target price would indicate a potential upside of 74.98% from the stock's previous close.

Separately, 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.

LGI Homes Stock Performance

Shares of NASDAQ LGIH traded up $0.99 during midday trading on Monday, reaching $53.15. The company had a trading volume of 242,409 shares, compared to its average volume of 260,047. The business's 50-day simple moving average is $52.67 and its 200 day simple moving average is $68.30. The stock has a market cap of $1.24 billion, a P/E ratio of 6.86 and a beta of 1.76. LGI Homes has a 1 year low of $47.17 and a 1 year high of $125.83. The company has a current ratio of 16.58, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80.

LGI Homes (NASDAQ:LGIH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.29). The company had revenue of $351.42 million during the quarter, compared to analysts' expectations of $380.07 million. LGI Homes had a return on equity of 9.49% and a net margin of 8.46%. The company's quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. On average, analysts forecast that LGI Homes will post 8.46 earnings per share for the current fiscal year.

Institutional Trading of LGI Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LGIH. River Road Asset Management LLC grew its position in LGI Homes by 30.6% during the fourth 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 period. Khrom Capital Management LLC grew its position in LGI Homes by 19.4% during the fourth quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock valued at $97,965,000 after buying an additional 177,698 shares during the period. Raymond James Financial Inc. acquired a new stake in LGI Homes during the fourth quarter valued at $15,507,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in LGI Homes during the first quarter valued at $5,123,000. Finally, Nuveen LLC acquired a new stake in shares of LGI Homes in the first quarter valued at about $4,313,000. Institutional investors and hedge funds own 84.89% of the company's stock.

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.