Thrivent Financial for Lutherans Has $1.43 Million Stake in LGI Homes, Inc. (NASDAQ:LGIH)

Thrivent Financial for Lutherans lessened its holdings in LGI Homes, Inc. (NASDAQ:LGIH) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,993 shares of the financial services provider’s stock after selling 247 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of LGI Homes worth $1,430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. River Road Asset Management LLC boosted its position in shares of LGI Homes by 30.6% during the 4th quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider’s stock valued at $81,168,000 after acquiring an additional 212,468 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in LGI Homes during the fourth quarter valued at approximately $15,507,000. Holocene Advisors LP boosted its holdings in LGI Homes by 386.2% during the third quarter. Holocene Advisors LP now owns 130,968 shares of the financial services provider’s stock valued at $15,522,000 after purchasing an additional 104,030 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of LGI Homes by 131.4% in the 3rd 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 period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of LGI Homes in the 3rd quarter worth approximately $6,859,000. Institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of LGIH opened at $65.73 on Monday. The stock has a 50 day simple moving average of $79.87 and a 200 day simple moving average of $95.59. LGI Homes, Inc. has a 52-week low of $65.31 and a 52-week high of $125.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The firm has a market capitalization of $1.54 billion, a PE ratio of 7.88 and a beta of 2.13.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16). The firm had revenue of $557.40 million during the quarter, compared to the consensus estimate of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.19 earnings per share. Sell-side analysts predict that LGI Homes, Inc. will post 8.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LGIH has been the topic of a number of analyst reports. Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 target price on shares of LGI Homes in a report on Friday, January 10th. Wedbush reiterated a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $118.33.

Insider Activity

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the sale, the chief operating officer now owns 27,102 shares of the company’s stock, valued at $2,058,125.88. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.30% of the stock is currently owned by insiders.

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.