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MU   63.93 (+2.58%)
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NASDAQ:LGIH

LGI Homes - LGIH Stock Forecast, Price & News

$111.47
-0.55 (-0.49%)
(As of 08/12/2022 11:01 AM ET)
Add
Compare
Today's Range
$111.18
$112.79
50-Day Range
$74.23
$114.32
52-Week Range
$71.73
$165.91
Volume
579 shs
Average Volume
242,857 shs
Market Capitalization
$2.59 billion
P/E Ratio
6.55
Dividend Yield
N/A
Price Target
$101.25

LGI Homes MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.2% Downside
$101.25 Price Target
Short Interest
Bearish
16.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.04mentions of LGI Homes in the last 14 days
Based on 13 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.

1.32 out of 5 stars

Finance Sector

897th out of 918 stocks

Operative Builders Industry

16th out of 17 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 Upgrades and Downgrades

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

LGI Homes Trading Up 0.4 %

Shares of LGIH traded up $0.50 during trading hours on Thursday, hitting $112.77. The company had a trading volume of 9,628 shares, compared to its average volume of 240,681. The firm has a market cap of $2.62 billion, a P/E ratio of 6.59 and a beta of 1.57. The stock's 50 day moving average price is $96.32 and its 200 day moving average price is $104.24. The company has a quick ratio of 0.68, a current ratio of 13.59 and a debt-to-equity ratio of 0.76. 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 released its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $5.20 EPS for the quarter, topping the consensus estimate of $4.53 by $0.67. The firm had revenue of $723.07 million for 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 company's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.71 earnings per share. On average, research analysts predict that LGI Homes will post 18.64 EPS for the current year.

Insider Transactions at LGI Homes

In related news, Director Ryan Edone acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, June 15th. The shares were purchased at an average price of $82.38 per share, for a total transaction of $82,380.00. Following the completion of the acquisition, the director now owns 26,778 shares in the company, valued at $2,205,971.64. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.50% of the company's stock.

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LGIH Stock News Headlines

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
Oversold Conditions For LGI Homes
See More Headlines
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LGIH Company Calendar

Last Earnings
8/02/2022
Today
8/12/2022
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
-9.2%
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
$17.61 per share
Book Value
$65.05 per share

Miscellaneous

Free Float
20,364,000
Market Cap
$2.59 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 target prices for LGI Homes' stock. Their LGIH share price forecasts range from $77.00 to $140.00. On average, they anticipate the company's share price to reach $101.25 in the next twelve months. This suggests that the stock has a possible downside of 9.6%.
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 on January 1st, 2022. Since then, LGIH stock has decreased by 27.5% and is now trading at $112.02.
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 (EPS) for the quarter, topping analysts' consensus estimates of $4.53 by $0.67. The financial services provider earned $723.07 million during the quarter, compared to analysts' expectations 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 firm's quarterly 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 a number of retail and institutional investors. Top institutional investors include Platinum Investment Management Ltd. (1.78%), abrdn plc (1.37%), UBS Group AG (0.62%), Principal Financial Group Inc. (0.55%), Tributary Capital Management LLC (0.45%) and Montgomery Investment Management Inc. (0.43%). 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 $112.02.

How much money does LGI Homes make?

LGI Homes (NASDAQ:LGIH) has a market capitalization of $2.61 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 8/12/2022 by MarketBeat.com Staff

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