LGI Homes, Inc. (NASDAQ:LGIH) Receives $122.33 Average PT from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has earned a consensus recommendation of “Hold” from the three research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $122.33.

A number of equities research analysts have weighed in on LGIH shares. JPMorgan Chase & Co. lowered their price objective on LGI Homes from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, December 13th. Wedbush restated a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a research note on Wednesday, November 6th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new stake in shares of LGI Homes in the 2nd quarter worth approximately $39,000. Allspring Global Investments Holdings LLC purchased a new stake in LGI Homes during the third quarter worth $43,000. KBC Group NV grew its holdings in LGI Homes by 29.8% in the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 168 shares during the last quarter. CWM LLC increased its position in shares of LGI Homes by 27.5% in the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after buying an additional 187 shares in the last quarter. Finally, Heritage Family Offices LLP acquired a new position in shares of LGI Homes during the 3rd quarter worth $218,000. 84.89% of the stock is owned by hedge funds and other institutional investors.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $89.59 on Wednesday. The stock has a fifty day moving average price of $103.62 and a 200 day moving average price of $103.97. LGI Homes has a 1-year low of $84.00 and a 1-year high of $136.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The company has a market cap of $2.11 billion, a PE ratio of 10.74 and a beta of 1.99.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.54 by $0.41. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $651.85 million during the quarter, compared to analysts’ expectations of $645.27 million. During the same quarter last year, the business earned $2.84 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Sell-side analysts forecast that LGI Homes will post 8.72 EPS 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.