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

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received a consensus recommendation of “Hold” from the four analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $118.33.

A number of research analysts have recently issued reports on the company. Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. 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 report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a research note on Friday, January 10th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th.

Insider Transactions at LGI Homes

In related news, COO Michael Larry Snider sold 1,105 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $75.94, for a total value 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 approximately $2,058,125.88. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.30% of the company’s stock.

Institutional Trading of LGI Homes

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of LGI Homes by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider’s stock valued at $203,377,000 after acquiring an additional 54,039 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in LGI Homes by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider’s stock valued at $134,491,000 after purchasing an additional 6,706 shares during the last quarter. Wasatch Advisors LP boosted its holdings in LGI Homes by 2.7% in the 4th quarter. Wasatch Advisors LP now owns 1,395,710 shares of the financial services provider’s stock valued at $124,776,000 after purchasing an additional 36,608 shares during the last quarter. Khrom Capital Management LLC increased its holdings in shares of LGI Homes by 19.4% during the 4th quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider’s stock worth $97,965,000 after buying an additional 177,698 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of LGI Homes by 3.7% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider’s stock valued at $111,350,000 after buying an additional 33,306 shares during the period. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

LGI Homes Price Performance

NASDAQ:LGIH opened at $64.61 on Friday. 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 50 day moving average price of $77.17 and a 200-day moving average price of $93.80. LGI Homes has a 1-year low of $58.71 and a 1-year high of $125.83. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 7.75 and a beta of 2.13.

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

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.