LGI Homes (LGIH) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LGIH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LGIH, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued 12-month price targets for LGI Homes' stock. Their LGIH share price forecasts range from $97.00 to $160.00. On average, they anticipate the company's stock price to reach $116.25 in the next year. This suggests a possible upside of 13.6% from the stock's current price.
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LGI Homes' stock was trading at $92.60 at the beginning of the year. Since then, LGIH shares have increased by 10.5% and is now trading at $102.34.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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LGI Homes, Inc. (NASDAQ:LGIH) posted its earnings results on Tuesday, August, 1st. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.35. The financial services provider earned $645.70 million during the quarter, compared to analyst estimates of $638.05 million. LGI Homes had a trailing twelve-month return on equity of 12.30% and a net margin of 9.44%. LGI Homes's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $5.20 EPS.

ETFs with the largest weight of LGI Homes (NASDAQ:LGIH) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Amplify Inflation Fighter ETF (IWIN), iShares U.S. Home Construction ETF (ITB), SPDR S&P Homebuilders ETF (XHB), WisdomTree U.S. SmallCap Earnings Fund (EES), iShares S&P Small-Cap 600 Value ETF (IJS), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and SPDR S&P 600 Small CapValue ETF (SLYV).

151 employees have rated LGI Homes Chief Executive Officer Eric Lipar on Glassdoor.com. Eric Lipar has an approval rating of 96% among the company's employees. This puts Eric Lipar in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other LGI Homes investors own include CA (CA), Micron Technology (MU), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), NVIDIA (NVDA), Home Depot (HD), Alibaba Group (BABA), Advanced Micro Devices (AMD) and Walt Disney (DIS).

LGI Homes trades on the NASDAQ under the ticker symbol "LGIH."

LGI Homes' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.63%), Dimensional Fund Advisors LP (5.75%), Wasatch Advisors LP (5.72%), Altshuler Shaham Ltd (4.20%), State Street Corp (3.67%) and Goldman Sachs Group Inc. (2.39%). Insiders that own company stock include Charles Michael Merdian, Duncan S Gage, Eric Thomas Lipar, Jack Anthony Lipar, Maria Renna Sharpe, Michael Larry Snider, Rachel Lyons Eaton, Robert Karnig Vahradian, Ryan Edone, Scott James Garber and Steven Randal Smith.
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Shares of LGIH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LGIH stock can currently be purchased for approximately $102.34.

LGI Homes (NASDAQ:LGIH) has a market capitalization of $2.41 billion and generates $2.30 billion in revenue each year. The financial services provider earns $326.57 million in net income (profit) each year or $8.69 on an earnings per share basis.

The company employs 952 workers across the globe.

LGI Homes' mailing address is 1450 LAKE ROBBINS DRIVE SUITE 430, THE WOODLANDS TX, 77380. The official website for the company is www.lgihomes.com. The financial services provider can be reached via phone at (281) 362-8998, via email at investorrelations@lgihomes.com, or via fax at 281-210-2601.