Analysts Set LGI Homes, Inc. (NASDAQ:LGIH) Price Target at $118.33

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been given a consensus recommendation of “Hold” by the four analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two 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 covered the stock in the last year is $118.33.

LGIH has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. cut 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 issued a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th.

Institutional Investors Weigh In On LGI Homes

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in LGI Homes by 131.4% during the third quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider’s stock valued at $13,222,000 after purchasing an additional 63,346 shares during the last quarter. Citigroup Inc. lifted its holdings in LGI Homes by 60.9% during the third quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider’s stock valued at $4,954,000 after purchasing an additional 15,818 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of LGI Homes by 5.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider’s stock valued at $383,000 after buying an additional 176 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of LGI Homes during the third quarter valued at about $334,000. Finally, Creative Planning bought a new stake in shares of LGI Homes during the third quarter valued at about $375,000. 84.89% of the stock is owned by hedge funds and other institutional investors.

LGI Homes Stock Up 0.3 %

LGIH stock opened at $85.11 on Thursday. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $90.66 and a 200-day moving average price of $102.15. LGI Homes has a 12 month low of $81.71 and a 12 month high of $130.75. The stock has a market capitalization of $2.00 billion, a P/E ratio of 10.21 and a beta of 2.03.

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.