LGI Homes Stock Price, News & Analysis (NASDAQ:LGIH)

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 equities research analysts have issued 1-year target prices for LGI Homes' stock. Their LGIH share price targets 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 that the stock has a possible downside of 2.5%.
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LGI Homes' stock was trading at $92.60 at the start of the year. Since then, LGIH shares have increased by 28.7% and is now trading at $119.21.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
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LGI Homes, Inc. (NASDAQ:LGIH) posted its earnings results on Tuesday, October, 31st. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.88. The financial services provider had revenue of $617.50 million for the quarter, compared to analysts' expectations of $625.30 million. LGI Homes had a net margin of 8.10% and a trailing twelve-month return on equity of 10.58%. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.85 earnings per share.

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 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' stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (6.25%), Altshuler Shaham Ltd (3.74%), Ampfield Management L.P. (2.15%), Charles Schwab Investment Management Inc. (1.20%), Liontrust Investment Partners LLP (0.93%) and Northern Trust Corp (0.91%). 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, 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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