LGI Homes, Inc. (NASDAQ:LGIH) Receives Average Recommendation of “Hold” from Brokerages

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $126.00.

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Wedbush raised LGI Homes from an “underperform” rating to a “neutral” rating and increased their target price for the company from $97.00 to $125.00 in a research report on Monday, September 9th.

Institutional Investors Weigh In On LGI Homes

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of LGI Homes by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,220,411 shares of the financial services provider’s stock worth $258,389,000 after purchasing an additional 19,800 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in LGI Homes by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider’s stock worth $134,827,000 after buying an additional 53,031 shares during the last quarter. Wasatch Advisors LP increased its position in LGI Homes by 9.9% during the 1st quarter. Wasatch Advisors LP now owns 1,460,245 shares of the financial services provider’s stock valued at $169,929,000 after buying an additional 131,467 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in LGI Homes by 1.7% in the second quarter. Disciplined Growth Investors Inc. MN now owns 906,198 shares of the financial services provider’s stock valued at $81,096,000 after buying an additional 15,340 shares during the last quarter. Finally, Capital World Investors boosted its holdings in LGI Homes by 6.2% in the first quarter. Capital World Investors now owns 846,202 shares of the financial services provider’s stock worth $98,473,000 after acquiring an additional 49,640 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of LGIH stock opened at $118.72 on Monday. LGI Homes has a twelve month low of $84.00 and a twelve month high of $136.89. The company has a current ratio of 12.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $106.89 and a two-hundred day simple moving average of $101.57. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 14.84 and a beta of 1.95.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.24. The company had revenue of $602.50 million during the quarter, compared to analyst estimates of $617.44 million. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 earnings per share. On average, analysts predict that LGI Homes will post 9.01 EPS for the current fiscal year.

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.