LGI Homes - LGIH Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last twelve months. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street 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 brokers have issued 12-month price targets for LGI Homes' stock. Their LGIH share price forecasts range from $73.00 to $130.00. On average, they anticipate the company's share price to reach $91.20 in the next year. This suggests that the stock has a possible downside of 15.4%.
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LGI Homes' stock was trading at $92.60 on January 1st, 2023. Since then, LGIH shares have increased by 16.4% and is now trading at $107.75.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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LGI Homes, Inc. (NASDAQ:LGIH) announced its earnings results on Tuesday, February, 21st. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.36 by $0.09. The financial services provider earned $488.26 million during the quarter, compared to analyst estimates of $530.69 million. LGI Homes had a trailing twelve-month return on equity of 21.12% and a net margin of 14.17%. The firm's revenue for the quarter was down 39.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.53 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), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), First Trust Small Cap Value AlphaDEX Fund (FYT), SPDR S&P 600 Small CapValue ETF (SLYV), Fidelity Small-Mid Cap Opportunities ETF (FSMO) and iShares S&P Small-Cap 600 Value ETF (IJS).

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 many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.49%), Altshuler Shaham Ltd (4.25%), Fiduciary Management Inc. WI (2.37%), Ampfield Management L.P. (1.89%), Geode Capital Management LLC (1.70%) and Gilder Gagnon Howe & Co. LLC (1.32%). 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.
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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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One share of LGIH stock can currently be purchased for approximately $107.75.

LGI Homes (NASDAQ:LGIH) has a market capitalization of $2.53 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 $13.75 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.