LGI Homes, Inc. (NASDAQ:LGIH) COO Sells $83,913.70 in Stock

LGI Homes, Inc. (NASDAQ:LGIH) COO Michael Larry Snider sold 1,105 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the completion of the transaction, the chief operating officer now directly owns 27,102 shares of the company’s stock, valued at approximately $2,058,125.88. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

LGI Homes Price Performance

Shares of LGIH stock traded up $0.20 during trading hours on Tuesday, hitting $75.20. The company’s stock had a trading volume of 638,258 shares, compared to its average volume of 255,925. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 9.02 and a beta of 2.13. The business has a fifty day moving average of $84.46 and a 200-day moving average of $99.09. LGI Homes, Inc. has a twelve month low of $68.66 and a twelve month high of $125.83. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.16). The business had revenue of $557.40 million for the quarter, compared to analyst estimates of $588.56 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. LGI Homes’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.19 EPS. As a group, equities research analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Institutional Trading of LGI Homes

Several institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in LGI Homes by 112.9% during the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after buying an additional 184 shares during the period. Sterling Capital Management LLC boosted its stake in shares of LGI Homes by 801.5% during the 4th quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock valued at $55,000 after buying an additional 545 shares during the last quarter. KBC Group NV grew its holdings in LGI Homes by 29.8% during the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 168 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in LGI Homes by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider’s stock valued at $195,000 after buying an additional 141 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in LGI Homes by 10.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 212 shares during the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Seaport Res Ptn raised LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a research report on Friday, January 10th. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $118.33.

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.