LGI Homes (NASDAQ:LGIH) Rating Increased to Hold at StockNews.com

LGI Homes (NASDAQ:LGIH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other research analysts also recently commented on LGIH. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 target price on shares of LGI Homes in a report on Friday, April 5th. Wedbush reaffirmed an “underperform” rating and set a $74.00 target price (down previously from $88.00) on shares of LGI Homes in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $110.50.

LGI Homes Trading Up 1.0 %

NASDAQ:LGIH opened at $95.85 on Thursday. The company has a quick ratio of 0.42, a current ratio of 10.66 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $107.87 and its two-hundred day moving average is $113.45. LGI Homes has a 52 week low of $84.15 and a 52 week high of $141.91. The company has a market cap of $2.26 billion, a PE ratio of 11.38 and a beta of 1.83.

LGI Homes (NASDAQ:LGIH) last released its earnings results on Tuesday, February 20th. The financial services provider reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.35). LGI Homes had a return on equity of 11.28% and a net margin of 8.45%. The firm had revenue of $608.41 million for the quarter, compared to the consensus estimate of $663.95 million. During the same period in the prior year, the business earned $1.45 EPS. The company’s quarterly revenue was up 24.6% on a year-over-year basis. On average, analysts predict that LGI Homes will post 9.24 EPS for the current year.

Insider Transactions at LGI Homes

In other news, CFO Charles Michael Merdian sold 6,361 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $111.95, for a total transaction of $712,113.95. Following the sale, the chief financial officer now directly owns 9,458 shares in the company, valued at approximately $1,058,823.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Charles Michael Merdian sold 6,361 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $111.95, for a total value of $712,113.95. Following the sale, the chief financial officer now directly owns 9,458 shares in the company, valued at approximately $1,058,823.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric Thomas Lipar sold 10,869 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $111.95, for a total value of $1,216,784.55. Following the completion of the sale, the chief executive officer now owns 627,430 shares in the company, valued at $70,240,788.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,435 shares of company stock worth $2,944,291. 12.40% of the stock is currently owned by company insiders.

Institutional Trading of LGI Homes

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in LGI Homes in the 4th quarter valued at approximately $38,000. First Horizon Advisors Inc. increased its position in LGI Homes by 35.8% in the 4th quarter. First Horizon Advisors Inc. now owns 353 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 93 shares during the period. Mather Group LLC. acquired a new stake in LGI Homes in the 1st quarter valued at approximately $47,000. RiverPark Advisors LLC acquired a new stake in LGI Homes in the 3rd quarter valued at approximately $49,000. Finally, International Assets Investment Management LLC acquired a new stake in LGI Homes in the 4th quarter valued at approximately $71,000. 84.89% of the stock is currently owned by institutional investors and hedge funds.

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.