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NASDAQ:LGIH

LGI Homes - LGIH Stock Forecast, Price & News

$106.54
-1.89 (-1.74%)
(As of 08/18/2022 11:40 AM ET)
Add
Compare
Today's Range
$105.90
$107.16
50-Day Range
$74.23
$114.32
52-Week Range
$71.73
$165.91
Volume
2,677 shs
Average Volume
240,630 shs
Market Capitalization
$2.48 billion
P/E Ratio
6.26
Dividend Yield
N/A
Price Target
$101.25

LGI Homes MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.3% Downside
$101.25 Price Target
Short Interest
Bearish
16.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.09mentions of LGI Homes in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$82,380 Bought Last Quarter
Proj. Earnings Growth
-11.75%
From $18.64 to $16.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.45 out of 5 stars

Finance Sector

885th out of 932 stocks

Operative Builders Industry

15th out of 16 stocks

LGIH stock logo

About LGI Homes (NASDAQ:LGIH) Stock

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.

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LGIH Stock News Headlines

LGI Homes (NASDAQ:LGIH) Stock Rating Lowered by StockNews.com
LGI Homes (NASDAQ:LGIH) Downgraded by StockNews.com
StockNews.com Upgrades LGI Homes (NASDAQ:LGIH) to "Hold"
LGI Homes (NASDAQ:LGIH) PT Lowered to $140.00
LGI Homes (NASDAQ:LGIH) Trading Down 5.6%
LGI Homes Reports July 2022 Home Closings
LGI Homes (LGIH) Q2 2022 Earnings Call Transcript
LGI Homes (LGIH) to Release Quarterly Earnings on Tuesday
LGI Homes Opens New Community in the Atlanta Market
See More Headlines
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LGIH Company Calendar

Last Earnings
8/02/2022
Today
8/18/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:LGIH
Employees
952
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$101.25
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
-5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$429.64 million
Pretax Margin
18.89%

Debt

Sales & Book Value

Annual Sales
$3.05 billion
Cash Flow
$17.05 per share
Book Value
$65.05 per share

Miscellaneous

Free Float
20,364,000
Market Cap
$2.48 billion
Optionable
Optionable
Beta
1.57














LGIH Stock - Frequently Asked Questions

Should I buy or sell LGI Homes stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last twelve months. There are currently 1 sell rating, 2 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.
View LGIH analyst ratings
or view top-rated stocks.

What is LGI Homes' stock price forecast for 2022?

4 equities research analysts have issued 12 month price objectives for LGI Homes' stock. Their LGIH share price forecasts range from $77.00 to $140.00. On average, they predict the company's share price to reach $101.25 in the next year. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for LGIH
or view top-rated stocks among Wall Street analysts.

How have LGIH shares performed in 2022?

LGI Homes' stock was trading at $154.48 at the start of the year. Since then, LGIH shares have decreased by 29.8% and is now trading at $108.43.
View the best growth stocks for 2022 here
.

When is LGI Homes' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our LGIH earnings forecast
.

How were LGI Homes' earnings last quarter?

LGI Homes, Inc. (NASDAQ:LGIH) posted its quarterly earnings results on Tuesday, August, 2nd. The financial services provider reported $5.20 earnings per share for the quarter, beating analysts' consensus estimates of $4.47 by $0.73. The financial services provider had revenue of $723.07 million for the quarter, compared to the consensus estimate of $715.65 million. LGI Homes had a net margin of 14.67% and a trailing twelve-month return on equity of 29.21%. The business's revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.71 EPS.

What is Eric Lipar's approval rating as LGI Homes' CEO?

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.

What other stocks do shareholders of LGI Homes own?

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).

What is LGI Homes' stock symbol?

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

Who are LGI Homes' major shareholders?

LGI Homes' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (5.70%), State Street Corp (3.72%), CDAM UK Ltd (2.48%), Platinum Investment Management Ltd. (1.78%), abrdn plc (1.37%) and Northern Trust Corp (0.90%). 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 and Steven Randal Smith.
View institutional ownership trends
.

How do I buy shares of LGI Homes?

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.

What is LGI Homes' stock price today?

One share of LGIH stock can currently be purchased for approximately $108.43.

How much money does LGI Homes make?

LGI Homes (NASDAQ:LGIH) has a market capitalization of $2.52 billion and generates $3.05 billion in revenue each year. The financial services provider earns $429.64 million in net income (profit) each year or $17.03 on an earnings per share basis.

How many employees does LGI Homes have?

The company employs 952 workers across the globe.

How can I contact LGI Homes?

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.

This page (NASDAQ:LGIH) was last updated on 8/18/2022 by MarketBeat.com Staff

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