LGI Homes Stock Forecast, Price & News

LGI Homes' stock was trading at $68.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LGIH stock has increased by 55.4% and is now trading at $107.22.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LGI Homes in the last year. There are currently 4 hold ratings and 1 buy rating 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, November 3rd 2020.
View our earnings forecast for LGI Homes.

LGI Homes Inc (NASDAQ:LGIH) released its quarterly earnings results on Tuesday, August, 4th. The financial services provider reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.72. The financial services provider had revenue of $481.60 million for the quarter, compared to the consensus estimate of $474.10 million. LGI Homes had a net margin of 10.50% and a return on equity of 25.02%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS.
View LGI Homes' earnings history.

5 equities research analysts have issued twelve-month target prices for LGI Homes' stock. Their forecasts range from $50.00 to $122.00. On average, they anticipate LGI Homes' share price to reach $94.90 in the next year. This suggests that the stock has a possible downside of 11.5%.
View analysts' price targets for LGI Homes.

LGI Homes saw a decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,340,000 shares, a decrease of 17.3% from the July 30th total of 2,830,000 shares. Based on an average daily volume of 337,400 shares, the short-interest ratio is currently 6.9 days. Currently, 10.6% of the company's stock are short sold.
View LGI Homes' Short Interest.

Some companies that are related to LGI Homes include Toll Brothers (TOL), Meritage Homes (MTH), KB Home (KBH), 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 Harbor Custom Development (HCDI).
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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), Home Depot (HD), NVIDIA (NVDA), Walt Disney (DIS), Advanced Micro Devices (AMD) 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 FMR LLC (6.56%), Vanguard Group Inc. (5.67%), Gilder Gagnon Howe & Co. LLC (4.47%), Frontier Capital Management Co. LLC (1.86%), Epoch Investment Partners Inc. (1.01%) and Driehaus Capital Management LLC (0.71%). Company insiders that own LGI Homes stock include Bryan Christopher Sansbury, Charles Michael Merdian, Duncan S Gage, 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 Epoch Investment Partners Inc., Gilder Gagnon Howe & Co. LLC, James Investment Research Inc., FMR LLC, Bank of America Corp DE, Holocene Advisors LP, Sei Investments Co., and Crown Advisors Management Inc.. Company insiders that have sold LGI Homes company stock in the last year include Bryan Christopher Sansbury, Duncan S Gage, Eric Thomas Lipar, Michael Larry Snider, Ryan Edone, and Steven Randal Smith.
View insider buying and selling activity for LGI Homes.

LGIH stock was bought by a variety of institutional investors in the last quarter, including Sara Bay Financial, Vanguard Group Inc., Goldman Sachs Group Inc., Man Group plc, Driehaus Capital Management LLC, Calamos Advisors LLC, Crystal Rock Capital Management, and PDT Partners LLC.
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 $107.22.

LGI Homes has a market capitalization of $2.69 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]