LGI Homes, Inc. (NASDAQ:LGIH) Given Average Recommendation of “Hold” by Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have earned an average rating of “Hold” from the four analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $118.33.

A number of analysts have recently weighed in on the stock. Wedbush restated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their target price on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $160.00 target price on shares of LGI Homes in a research note on Friday, January 10th.

Hedge Funds Weigh In On LGI Homes

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in LGI Homes by 131.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider’s stock worth $13,222,000 after buying an additional 63,346 shares during the last quarter. Citigroup Inc. raised its position in LGI Homes by 60.9% during the 3rd quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider’s stock worth $4,954,000 after buying an additional 15,818 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in LGI Homes by 5.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock worth $383,000 after buying an additional 176 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in LGI Homes during the 3rd quarter worth approximately $334,000. Finally, Covalent Partners LLC purchased a new position in LGI Homes during the 3rd quarter worth approximately $2,655,000. 84.89% of the stock is owned by hedge funds and other institutional investors.

LGI Homes Stock Down 0.6 %

NASDAQ:LGIH opened at $75.09 on Monday. LGI Homes has a fifty-two week low of $68.66 and a fifty-two week high of $125.83. The stock has a market capitalization of $1.76 billion, a P/E ratio of 9.00 and a beta of 2.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The company’s 50-day simple moving average is $84.73 and its 200-day simple moving average is $99.31.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm had revenue of $557.40 million during the quarter, compared to the consensus estimate of $588.56 million. During the same quarter in the prior year, the business posted $2.19 earnings per share. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts anticipate that LGI Homes will post 8.46 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.