LGI Homes, Inc. (NASDAQ:LGIH) Stock Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,506,611 shares of the financial services provider’s stock after purchasing an additional 53,031 shares during the period. Dimensional Fund Advisors LP owned 6.39% of LGI Homes worth $134,827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LGIH. Wasatch Advisors LP grew its holdings in LGI Homes by 4.3% in the 4th quarter. Wasatch Advisors LP now owns 1,328,778 shares of the financial services provider’s stock worth $176,940,000 after buying an additional 54,606 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in LGI Homes during the 1st quarter worth $583,000. CDAM UK Ltd grew its stake in shares of LGI Homes by 14.7% in the fourth quarter. CDAM UK Ltd now owns 674,960 shares of the financial services provider’s stock worth $89,878,000 after purchasing an additional 86,265 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of LGI Homes by 27.0% during the first quarter. First Eagle Investment Management LLC now owns 86,415 shares of the financial services provider’s stock valued at $10,056,000 after purchasing an additional 18,350 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in LGI Homes in the first quarter worth about $1,298,000. Institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

Shares of NASDAQ LGIH opened at $118.72 on Friday. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.89. The company has a current ratio of 12.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $106.89 and a two-hundred day moving average of $101.64. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 14.84 and a beta of 1.95.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.24. The firm had revenue of $602.50 million during the quarter, compared to analysts’ expectations of $617.44 million. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $2.25 earnings per share. As a group, analysts expect that LGI Homes, Inc. will post 9.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LGIH has been the topic of several research analyst reports. Wedbush raised shares of LGI Homes from an “underperform” rating to a “neutral” rating and raised their target price for the company from $97.00 to $125.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. lowered their price objective on shares of LGI Homes from $95.00 to $93.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $126.00.

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.