LGI Homes (LGIH) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last year. There are currently 2 sell ratings and 3 hold ratings 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.
View LGIH analyst ratings or view top-rated stocks.

5 analysts have issued 12 month price objectives for LGI Homes' shares. Their LGIH share price forecasts range from $77.00 to $130.00. On average, they anticipate the company's share price to reach $93.00 in the next twelve months. This suggests that the stock has a possible downside of 28.6%.
View analysts price targets for LGIH or view top-rated stocks among Wall Street analysts.

LGI Homes' stock was trading at $92.60 on January 1st, 2023. Since then, LGIH stock has increased by 40.7% and is now trading at $130.28.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our LGIH earnings forecast.

LGI Homes, Inc. (NASDAQ:LGIH) issued its earnings results on Tuesday, May, 2nd. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.02. The financial services provider earned $487.40 million during the quarter, compared to analysts' expectations of $467.54 million. LGI Homes had a net margin of 12.24% and a trailing twelve-month return on equity of 17.08%. The firm's quarterly revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.25 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), SPDR S&P Homebuilders ETF (XHB), Amplify Inflation Fighter ETF (IWIN), iShares U.S. Home Construction ETF (ITB), First Trust Small Cap Value AlphaDEX Fund (FYT), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), iShares S&P Small-Cap 600 Value ETF (IJS) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

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 shareholders include BlackRock Inc. (14.56%), FMR LLC (8.36%), Wasatch Advisors LP (6.51%), Dimensional Fund Advisors LP (5.33%), State Street Corp (3.73%) and CDAM UK Ltd (2.59%). Insiders that own company stock include Bryan Christopher Sansbury, 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of LGIH stock can currently be purchased for approximately $130.28.

LGI Homes (NASDAQ:LGIH) has a market capitalization of $3.07 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 $11.64 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.