LGI Homes (LGIH) Scheduled to Post Earnings on Tuesday

LGI Homes (NASDAQ:LGIHGet Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect LGI Homes to post earnings of $2.80 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

LGI Homes Trading Up 6.6 %

NASDAQ:LGIH opened at $128.73 on Tuesday. The company has a current ratio of 9.31, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 16.76 and a beta of 1.86. The firm has a fifty day simple moving average of $124.39 and a two-hundred day simple moving average of $116.86. LGI Homes has a 12 month low of $84.15 and a 12 month high of $141.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Seaport Res Ptn cut shares of LGI Homes from a “buy” rating to a “neutral” rating in a report on Monday, November 20th. StockNews.com lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. TheStreet lowered shares of LGI Homes from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. Wedbush reaffirmed a “neutral” rating and issued a $97.00 price objective on shares of LGI Homes in a research note on Tuesday, February 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.25.

Get Our Latest Analysis on LGIH

Insider Activity at LGI Homes

In related news, Director Steven Randal Smith sold 1,490 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $132.14, for a total transaction of $196,888.60. Following the transaction, the director now directly owns 1,221 shares of the company’s stock, valued at $161,342.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sei Investments Co. raised its position in LGI Homes by 2.6% in the second quarter. Sei Investments Co. now owns 3,576 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 89 shares during the period. First National Bank of Omaha increased its stake in shares of LGI Homes by 0.6% in the second quarter. First National Bank of Omaha now owns 14,405 shares of the financial services provider’s stock worth $1,943,000 after purchasing an additional 92 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of LGI Homes by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,306 shares of the financial services provider’s stock worth $1,120,000 after purchasing an additional 97 shares in the last quarter. LPL Financial LLC increased its stake in shares of LGI Homes by 1.4% in the third quarter. LPL Financial LLC now owns 8,440 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 115 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its stake in shares of LGI Homes by 5.0% in the first quarter. Belpointe Asset Management LLC now owns 2,664 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 127 shares in the last quarter. 89.43% of the stock is owned by institutional investors.

About LGI Homes

(Get Free Report)

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 institutions looking to acquire single-family rental properties.

See Also

Earnings History for LGI Homes (NASDAQ:LGIH)

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