#3 - LGI Homes (NASDAQ:LGIH)
The last of the homebuilders on this list is LGI Homes, Inc. (NASDAQ: LGIH). The company specializes in serving the entry-level home market. However, they also build luxury homes under the Terrata Homes brand. LGI also does business in the single-family rental market.
In August 2023, the company introduced new single-family home communities in several states throughout the country including California, Washington, North Carolina, Florida, and Minnesota. And demand for new homes is only expected to increase in the next year, which gives the company a long runway for growth.
A note of caution for investors. Although analysts do forecast earnings growth over the next 12 months to exceed 60%, the LGI Homes analyst ratings on MarketBeat show a stock price that has that growth priced in. Still, based on its 52-week range, there is room for an upside surprise if the company continues to deliver strong earnings results in the next few quarters.
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.
Read More - Current Price
- $96.00
- Consensus Rating
- Reduce
- Ratings Breakdown
- 1 Buy Ratings, 2 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $110.50 (15.1% Upside)
