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.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LGIH shares. JMP Securities cut their price target on shares of LGI Homes from $175.00 to $140.00 and set a "market outperform" rating on the stock in a report on Wednesday, August 3rd. StockNews.com cut LGI Homes from a "hold" rating to a "sell" rating in a research report on Thursday, August 11th. Wells Fargo & Company dropped their price target on LGI Homes from $108.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, June 17th. JPMorgan Chase & Co. decreased their price objective on LGI Homes from $85.00 to $77.00 and set an "underweight" rating for the company in a research report on Tuesday, July 12th. Finally, BTIG Research raised LGI Homes from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $101.25.

LGI Homes Stock Down 2.3 %

LGIH traded down $2.51 during trading on Wednesday, reaching $108.43. 119,343 shares of the stock traded hands, compared to its average volume of 307,014. The stock's 50-day simple moving average is $97.46 and its two-hundred day simple moving average is $103.82. The company has a debt-to-equity ratio of 0.76, a current ratio of 13.59 and a quick ratio of 0.68. LGI Homes has a fifty-two week low of $71.73 and a fifty-two week high of $165.91. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 6.35 and a beta of 1.57.

LGI Homes (NASDAQ:LGIH - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $5.20 earnings per share for the quarter, topping analysts' consensus estimates of $4.47 by $0.73. The company had revenue of $723.07 million during the quarter, compared to the consensus estimate of $715.65 million. LGI Homes had a return on equity of 29.21% and a net margin of 14.67%. The business's quarterly revenue was down 8.6% on a year-over-year basis. During the same period last year, the business earned $4.71 EPS. As a group, equities research analysts expect that LGI Homes will post 18.64 EPS for the current year.

Insider Buying and Selling at LGI Homes

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