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

LGI Homes, Inc. (NASDAQ:LGIH) has received a consensus recommendation of “Hold” from the four analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $118.33.

LGIH has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 target price on shares of LGI Homes in a research report on Friday, January 10th. JPMorgan Chase & Co. cut their target price on LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn raised LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th.

Institutional Investors Weigh In On LGI Homes

Several hedge funds have recently made changes to their positions in the business. Summit Investment Advisors Inc. raised its stake in LGI Homes by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 141 shares during the last quarter. Mariner LLC increased its holdings in shares of LGI Homes by 3.2% in the fourth quarter. Mariner LLC now owns 4,581 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 143 shares during the period. KBC Group NV raised its stake in shares of LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 168 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of LGI Homes by 5.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 176 shares during the period. Finally, US Bancorp DE grew its position in LGI Homes by 6.7% in the 3rd quarter. US Bancorp DE now owns 2,857 shares of the financial services provider’s stock valued at $339,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Trading Down 3.8 %

LGIH opened at $80.85 on Thursday. The business’s 50-day simple moving average is $89.27 and its 200-day simple moving average is $101.57. The company has a market cap of $1.90 billion, a P/E ratio of 9.69 and a beta of 2.03. LGI Homes has a one year low of $80.13 and a one year high of $125.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

About LGI Homes

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.