LGI Homes - LGIH Stock Forecast, Price & News

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 companies looking to acquire single-family rental properties. As of December 31, 2021, it owned 101 communities. The company serves customers in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, and Pennsylvania. LGI Homes, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas.

LGI Homes Stock Performance

LGI Homes stock opened at $108.15 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of 6.35 and a beta of 1.57. The company has a current ratio of 13.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $95.63 and a 200-day moving average of $104.37. LGI Homes has a 52 week low of $71.73 and a 52 week high of $165.91.

LGI Homes (NASDAQ:LGIH - Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $5.20 EPS for the quarter, beating analysts' consensus estimates of $4.53 by $0.67. The company had revenue of $723.07 million for the quarter, compared to analyst estimates of $715.65 million. LGI Homes had a return on equity of 29.21% and a net margin of 14.67%. The company's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $4.71 earnings per share. On average, analysts expect that LGI Homes will post 19.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LGIH shares. StockNews.com upgraded shares of LGI Homes from a "sell" rating to a "hold" rating in a research report on Wednesday. BTIG Research upgraded shares of LGI Homes from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 20th. JMP Securities reduced their price objective on shares of LGI Homes from $175.00 to $140.00 and set a "market outperform" rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price objective on shares of LGI Homes from $108.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, June 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of LGI Homes from $85.00 to $77.00 and set an "underweight" rating on the stock in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $101.25.

Insiders Place Their Bets

In related news, Director Ryan Edone acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of $82.38 per share, with a total value of $82,380.00. Following the purchase, the director now owns 26,778 shares of the company's stock, valued at $2,205,971.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.50% of the company's stock.