LGI Homes, Inc. (NASDAQ:LGIH) Receives $118.33 Average PT from Brokerages

LGI Homes, Inc. (NASDAQ:LGIH) has received an average rating of “Hold” from the three ratings firms that are presently covering the stock, MarketBeat.com reports. One investment 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 updated their coverage on the stock in the last year is $118.33.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th. Finally, Wedbush reissued 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.

LGI Homes Stock Up 0.1 %

LGIH stock opened at $92.58 on Friday. The firm’s fifty day simple moving average is $97.27 and its 200-day simple moving average is $103.87. LGI Homes has a 12 month low of $82.94 and a 12 month high of $130.75. The company has a market capitalization of $2.18 billion, a P/E ratio of 11.10 and a beta of 2.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $645.27 million. During the same period in the prior year, the firm posted $2.84 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that LGI Homes will post 8.46 earnings per share for the current year.

Hedge Funds Weigh In On LGI Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LGIH. Altshuler Shaham Ltd lifted its holdings in LGI Homes by 5,860.2% during the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider’s stock valued at $40,696,000 after purchasing an additional 447,130 shares in the last quarter. Khrom Capital Management LLC purchased a new position in LGI Homes during the second quarter valued at $21,477,000. River Road Asset Management LLC lifted its holdings in LGI Homes by 45.9% during the third quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock valued at $82,425,000 after purchasing an additional 218,923 shares in the last quarter. Holocene Advisors LP raised its position in shares of LGI Homes by 386.2% in the third quarter. Holocene Advisors LP now owns 130,968 shares of the financial services provider’s stock valued at $15,522,000 after buying an additional 104,030 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of LGI Homes by 51.8% in the second quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider’s stock worth $24,144,000 after buying an additional 92,081 shares in the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

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.