LGI Homes (NASDAQ:LGIH) Price Target Raised to $65.00 at BTIG Research

LGI Homes (NASDAQ:LGIH) had its price target lifted by analysts at BTIG Research from $62.00 to $65.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The firm currently has a “sell” rating on the financial services provider’s stock. BTIG Research’s price target would indicate a potential downside of 21.18% from the company’s current price.

Several other analysts also recently commented on the stock. JMP Securities raised their price objective on shares of LGI Homes from $83.00 to $89.00 and gave the stock a “market outperform” rating in a research report on Friday, September 6th. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, July 17th. ValuEngine downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. BidaskClub downgraded shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. downgraded shares of LGI Homes from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $77.00 to $84.50 in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. LGI Homes has a consensus rating of “Hold” and a consensus price target of $78.58.

Shares of LGIH stock opened at $82.47 on Monday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 12.99 and a beta of 0.51. LGI Homes has a 52 week low of $37.16 and a 52 week high of $85.41. The company has a quick ratio of 1.34, a current ratio of 15.20 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $78.74 and a 200-day moving average of $70.84.



LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.62 by $0.20. The company had revenue of $461.83 million during the quarter, compared to the consensus estimate of $465.08 million. LGI Homes had a net margin of 9.31% and a return on equity of 21.68%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 EPS. Analysts anticipate that LGI Homes will post 6.73 earnings per share for the current year.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 8,949 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $80.91, for a total transaction of $724,063.59. Following the transaction, the director now directly owns 160,121 shares in the company, valued at approximately $12,955,390.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric Thomas Lipar sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $80.28, for a total value of $2,007,000.00. Following the transaction, the chief executive officer now owns 528,058 shares in the company, valued at $42,392,496.24. The disclosure for this sale can be found here. 13.40% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. US Bancorp DE lifted its stake in LGI Homes by 1,332.6% during the 2nd quarter. US Bancorp DE now owns 659 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 613 shares in the last quarter. Bank of Montreal Can lifted its stake in LGI Homes by 379.4% during the 2nd quarter. Bank of Montreal Can now owns 2,114 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 1,673 shares in the last quarter. Psagot Investment House Ltd. bought a new position in LGI Homes during the 2nd quarter valued at $186,000. NEXT Financial Group Inc bought a new position in LGI Homes during the 2nd quarter valued at $198,000. Finally, United Services Automobile Association bought a new position in LGI Homes during the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

LGI Homes Company Profile

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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Analyst Recommendations for LGI Homes (NASDAQ:LGIH)

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