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 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.