Wedbush Reaffirms Neutral Rating for LGI Homes (NASDAQ:LGIH)

Wedbush reiterated their neutral rating on shares of LGI Homes (NASDAQ:LGIH) in a research report report published on Wednesday,RTT News reports. The firm currently has a $125.00 target price on the financial services provider’s stock. Wedbush also issued estimates for LGI Homes’ Q4 2024 earnings at $2.88 EPS, FY2024 earnings at $9.02 EPS, Q1 2025 earnings at $1.48 EPS, Q2 2025 earnings at $2.56 EPS, Q3 2025 earnings at $2.85 EPS, Q4 2025 earnings at $3.51 EPS, FY2025 earnings at $10.40 EPS, Q1 2026 earnings at $1.69 EPS, Q2 2026 earnings at $2.66 EPS, Q3 2026 earnings at $3.08 EPS and FY2026 earnings at $11.03 EPS.

Separately, JPMorgan Chase & Co. reduced their price target on LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, LGI Homes currently has a consensus rating of “Hold” and an average target price of $126.00.

LGI Homes Price Performance

Shares of NASDAQ:LGIH opened at $109.12 on Wednesday. LGI Homes has a one year low of $84.00 and a one year high of $136.89. The stock has a market cap of $2.57 billion, a PE ratio of 13.08 and a beta of 1.97. The business’s fifty day moving average price is $110.55 and its two-hundred day moving average price is $102.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.49 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, topping analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. During the same quarter in the prior year, the company posted $2.84 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts forecast that LGI Homes will post 8.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of LGI Homes by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock worth $922,000 after buying an additional 100 shares during the period. First Horizon Advisors Inc. raised its position in shares of LGI Homes by 32.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after buying an additional 108 shares during the period. Arizona State Retirement System raised its position in shares of LGI Homes by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock worth $532,000 after buying an additional 112 shares during the period. Sei Investments Co. raised its position in LGI Homes by 3.3% in the first quarter. Sei Investments Co. now owns 3,970 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 126 shares during the period. Finally, Inspire Investing LLC raised its position in LGI Homes by 5.5% in the first quarter. Inspire Investing LLC now owns 3,037 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 159 shares during the period. 84.89% of the stock is owned by hedge funds and other institutional investors.

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.