Brokerages Set LGI Homes, Inc. (NASDAQ:LGIH) Target Price at $122.33

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been given an average recommendation of “Hold” by the three analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $122.33.

LGIH has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on LGI Homes from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, December 13th. Wedbush reissued a “neutral” rating and set a $125.00 price objective on shares of LGI Homes in a research note on Wednesday, November 6th.

Institutional Trading of LGI Homes

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in LGI Homes during the 3rd quarter worth approximately $43,000. Innealta Capital LLC purchased a new stake in shares of LGI Homes during the second quarter worth $39,000. KBC Group NV raised its stake in shares of LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 168 shares in the last quarter. CWM LLC boosted its holdings in LGI Homes by 27.5% in the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 187 shares during the period. Finally, Heritage Family Offices LLP acquired a new position in LGI Homes during the 3rd quarter worth $218,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Performance

NASDAQ:LGIH opened at $89.40 on Wednesday. The company has a fifty day moving average of $102.38 and a two-hundred day moving average of $104.02. LGI Homes has a fifty-two week low of $84.00 and a fifty-two week high of $132.23. The stock has a market capitalization of $2.10 billion, a PE ratio of 10.72 and a beta of 1.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. The firm had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. LGI Homes’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $2.84 EPS. As a group, research analysts forecast that LGI Homes will post 8.72 earnings per share for the current fiscal year.

LGI Homes Company Profile

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 large institutions looking to acquire single-family rental properties.