LGI Homes (NASDAQ:LGIH) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of LGI Homes (NASDAQ:LGIH) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. 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. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $160.00 target price on shares of LGI Homes in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $118.33.

LGI Homes Price Performance

Shares of LGIH stock opened at $89.80 on Monday. The stock has a 50 day moving average of $95.96 and a two-hundred day moving average of $103.77. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. 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 $2.11 billion, a P/E ratio of 10.77 and a beta of 2.02.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.41. The company had revenue of $651.85 million during the quarter, compared to the consensus estimate of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $2.84 EPS. As a group, equities analysts expect that LGI Homes will post 8.46 EPS for the current year.

Institutional Investors Weigh In On LGI Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of LGI Homes by 112.9% in the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 184 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of LGI Homes in the 3rd quarter valued at $43,000. KBC Group NV lifted its stake in shares of LGI Homes by 29.8% in the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 168 shares during the last quarter. CWM LLC lifted its stake in shares of LGI Homes by 27.5% in the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 187 shares during the last quarter. Finally, Heritage Family Offices LLP bought a new position in shares of LGI Homes in the 3rd quarter valued at $218,000. 84.89% of the stock is currently owned by institutional investors.

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.