NASDAQ:LGIHLGI Homes Stock Price, Forecast & News

LGI Homes' stock was trading at $68.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LGIH stock has increased by 23.5% and is now trading at $85.22. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last year. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for LGI Homes.

LGI Homes is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for LGI Homes.

LGI Homes Inc (NASDAQ:LGIH) released its quarterly earnings data on Tuesday, May, 5th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.44. The financial services provider had revenue of $454.70 million for the quarter, compared to analyst estimates of $399.39 million. LGI Homes had a return on equity of 25.33% and a net margin of 10.13%. The business's revenue was up 58.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. View LGI Homes' earnings history.

5 brokers have issued 1-year target prices for LGI Homes' shares. Their forecasts range from $39.00 to $89.00. On average, they expect LGI Homes' stock price to reach $61.20 in the next twelve months. This suggests that the stock has a possible downside of 28.2%. View analysts' price targets for LGI Homes.

Press coverage about LGIH stock has trended negative on Friday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. LGI Homes earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutLGI Homes.

LGI Homes saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,810,000 shares, an increase of 6.4% from the April 30th total of 2,640,000 shares. Based on an average daily volume of 523,800 shares, the days-to-cover ratio is presently 5.4 days. Approximately 13.3% of the company's shares are short sold. View LGI Homes' Current Options Chain.

Some companies that are related to LGI Homes include Toll Brothers (TOL), KB Home (KBH), Meritage Homes (MTH), Taylor Morrison Home (TMHC), M.D.C. (MDC), TRI Pointe Group (TPH), Century Communities (CCS), M/I Homes (MHO), Green Brick Partners (GRBK), Beazer Homes USA (BZH), Hovnanian Enterprises (HOV), New Home (NWHM) and Comstock Holding Companies (CHCI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other LGI Homes investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), NVIDIA (NVDA), Walt Disney (DIS) and Alibaba Group (BABA).

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 BlackRock Inc. (13.12%), Wasatch Advisors Inc. (8.59%), Altshuler Shaham Ltd (4.56%), State Street Corp (3.04%), Lord Abbett & CO. LLC (2.80%) and Neumeier Poma Investment Counsel LLC (2.11%). Company insiders that own LGI Homes stock include Bryan Christopher Sansbury, Charles Michael Merdian, Eric Thomas Lipar, Jack Anthony Lipar, Michael Larry Snider, Rachel Lyons Eaton, Robert Karnig Vahradian, Ryan Edone and Steven Randal Smith. View institutional ownership trends for LGI Homes.

LGIH stock was sold by a variety of institutional investors in the last quarter, including D.C. Capital Advisors Ltd, Frontier Capital Management Co. LLC, Morgan Stanley, Morgan Stanley, UBS Group AG, Deutsche Bank AG, First Trust Advisors LP, and Nuveen Asset Management LLC. Company insiders that have sold LGI Homes company stock in the last year include Bryan Christopher Sansbury, Eric Thomas Lipar, Ryan Edone, and Steven Randal Smith. View insider buying and selling activity for LGI Homes.

LGIH stock was purchased by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Driehaus Capital Management LLC, BlackRock Inc., CDAM UK Ltd, Hodges Capital Management Inc., State Street Corp, Altshuler Shaham Ltd, and JPMorgan Chase & Co.. View insider buying and selling activity for LGI Homes.

Shares of LGIH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LGIH stock can currently be purchased for approximately $85.22.

LGI Homes has a market capitalization of $2.14 billion and generates $1.84 billion in revenue each year. The financial services provider earns $178.61 million in net income (profit) each year or $7.02 on an earnings per share basis. LGI Homes employs 857 workers across the globe.

The official website for LGI Homes is www.lgihomes.com.

LGI Homes' mailing address is 1450 LAKE ROBBINS DRIVE SUITE 430, THE WOODLANDS TX, 77380. The financial services provider can be reached via phone at 281-362-8998 or via email at [email protected]