LGI Homes, Inc. (NASDAQ:LGIH) Given Average Recommendation of “Reduce” by Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have earned an average recommendation of “Reduce” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $110.50.

A number of equities analysts have commented on LGIH shares. StockNews.com lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Wedbush reiterated an “underperform” rating and set a $74.00 target price on shares of LGI Homes in a research report on Thursday, June 6th. Finally, JMP Securities reiterated a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a research report on Friday, April 5th.

LGI Homes Stock Performance

NASDAQ:LGIH opened at $88.99 on Wednesday. The firm’s 50-day moving average is $95.22 and its 200-day moving average is $108.92. LGI Homes has a 52-week low of $84.15 and a 52-week high of $141.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.43 and a current ratio of 12.36. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 11.12 and a beta of 1.92.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.30). The business had revenue of $390.90 million during the quarter, compared to the consensus estimate of $400.00 million. LGI Homes had a net margin of 8.37% and a return on equity of 10.43%. The business’s revenue was down 19.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. Equities research analysts anticipate that LGI Homes will post 9.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in LGI Homes by 6.7% in the third quarter. Invesco Ltd. now owns 86,877 shares of the financial services provider’s stock valued at $8,643,000 after acquiring an additional 5,476 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in LGI Homes in the third quarter valued at $3,351,000. Gotham Asset Management LLC lifted its stake in LGI Homes by 3.8% in the third quarter. Gotham Asset Management LLC now owns 4,165 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 153 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in LGI Homes in the third quarter valued at $226,000. Finally, GSA Capital Partners LLP lifted its stake in LGI Homes by 697.7% in the third quarter. GSA Capital Partners LLP now owns 22,719 shares of the financial services provider’s stock valued at $2,260,000 after acquiring an additional 19,871 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

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.