LGI Homes, Inc. (NASDAQ:LGIH) Receives Consensus Rating of “Hold” from Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been assigned a consensus rating of “Hold” from the three research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $118.33.

A number of research analysts recently commented on LGIH shares. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a report on Friday, January 10th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut their price objective on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th.

Hedge Funds Weigh In On LGI Homes

Several hedge funds have recently bought and sold shares of LGIH. Commonwealth Equity Services LLC lifted its position in shares of LGI Homes by 38.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,702 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 755 shares in the last quarter. American Century Companies Inc. grew its holdings in LGI Homes by 21.3% during the 2nd quarter. American Century Companies Inc. now owns 29,358 shares of the financial services provider’s stock worth $2,627,000 after acquiring an additional 5,159 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of LGI Homes by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,741 shares of the financial services provider’s stock valued at $2,930,000 after purchasing an additional 4,145 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LGI Homes by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider’s stock valued at $134,827,000 after purchasing an additional 53,031 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of LGI Homes by 90.7% during the second quarter. Hsbc Holdings PLC now owns 4,402 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 2,094 shares in the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Down 1.1 %

Shares of NASDAQ:LGIH opened at $92.47 on Friday. LGI Homes has a 52-week low of $82.94 and a 52-week high of $130.75. The stock has a market cap of $2.17 billion, a P/E ratio of 11.09 and a beta of 2.02. The business has a fifty day moving average of $97.83 and a two-hundred day moving average of $103.68. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The firm had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. During the same quarter in the prior year, the firm posted $2.84 earnings per share. LGI Homes’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts expect that LGI Homes will post 8.53 earnings per share for the current 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.