LGI Homes Inc (NASDAQ:LGIH) Director Steven Randal Smith Sells 2,500 Shares

LGI Homes Inc (NASDAQ:LGIH) Director Steven Randal Smith sold 2,500 shares of LGI Homes stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $74.49, for a total value of $186,225.00. Following the transaction, the director now owns 12,407 shares of the company’s stock, valued at approximately $924,197.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:LGIH opened at $70.31 on Thursday. LGI Homes Inc has a 12-month low of $37.16 and a 12-month high of $75.49. The company has a market cap of $1.62 billion, a PE ratio of 11.07, a PEG ratio of 0.96 and a beta of 0.61. The company has a debt-to-equity ratio of 1.00, a current ratio of 16.86 and a quick ratio of 1.35.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.13). LGI Homes had a return on equity of 23.28% and a net margin of 9.67%. The firm had revenue of $287.60 million for the quarter, compared to the consensus estimate of $288.06 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that LGI Homes Inc will post 6.71 earnings per share for the current fiscal year.



Several large investors have recently modified their holdings of LGIH. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of LGI Homes by 138.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 774 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 450 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of LGI Homes during the first quarter worth approximately $48,000. First Mercantile Trust Co. boosted its holdings in shares of LGI Homes by 28.6% during the fourth quarter. First Mercantile Trust Co. now owns 3,407 shares of the financial services provider’s stock worth $154,000 after acquiring an additional 757 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of LGI Homes by 514.4% during the fourth quarter. Macquarie Group Ltd. now owns 3,883 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 3,251 shares during the period. Finally, Gotham Asset Management LLC bought a new stake in shares of LGI Homes during the fourth quarter worth approximately $210,000. Institutional investors own 94.44% of the company’s stock.

A number of equities analysts recently commented on the company. ValuEngine upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Zacks Investment Research cut LGI Homes from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Wells Fargo & Co lifted their price target on LGI Homes from $58.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. JMP Securities lifted their price target on LGI Homes from $65.00 to $68.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 27th. Finally, BidaskClub upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $69.90.

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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, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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