LGI Homes (LGIH) Lowered to Hold at BidaskClub

LGI Homes (NASDAQ:LGIH) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

Other analysts have also issued research reports about the stock. Wedbush lowered shares of LGI Homes from an “outperform” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research report on Tuesday. Zacks Investment Research lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.50.

NASDAQ LGIH opened at $69.74 on Friday. LGI Homes has a 12-month low of $28.57 and a 12-month high of $79.55. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 9.16. The company has a market capitalization of $1,632.04, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.09 and a beta of 0.13.



LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.03. LGI Homes had a net margin of 9.01% and a return on equity of 26.41%. The company had revenue of $405.00 million for the quarter, compared to analyst estimates of $377.46 million. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 71.0% compared to the same quarter last year. research analysts predict that LGI Homes will post 6.11 earnings per share for the current fiscal year.

In related news, CAO Margaret Mary Britton sold 4,144 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $63.80, for a total transaction of $264,387.20. Following the completion of the transaction, the chief accounting officer now owns 49,274 shares of the company’s stock, valued at $3,143,681.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ryan Edone acquired 1,400 shares of LGI Homes stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average cost of $56.36 per share, with a total value of $78,904.00. Following the purchase, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,295,265.52. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 139,432 shares of company stock valued at $9,338,762. 13.60% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in LGI Homes by 3.2% in the 4th quarter. BlackRock Inc. now owns 2,568,244 shares of the financial services provider’s stock worth $192,695,000 after buying an additional 80,724 shares in the last quarter. Swiss National Bank grew its stake in LGI Homes by 4.0% in the 4th quarter. Swiss National Bank now owns 31,281 shares of the financial services provider’s stock worth $2,347,000 after buying an additional 1,200 shares in the last quarter. Jane Street Group LLC purchased a new position in LGI Homes in the 3rd quarter worth approximately $323,000. HAP Trading LLC purchased a new position in LGI Homes in the 4th quarter worth approximately $1,586,000. Finally, Ascend Capital LLC purchased a new position in LGI Homes in the 4th quarter worth approximately $1,364,000. 84.82% of the stock is owned by institutional investors and hedge funds.

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About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

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