LGI Homes (NASDAQ:LGIH) Stock Rating Upgraded by Seaport Res Ptn

Seaport Res Ptn upgraded shares of LGI Homes (NASDAQ:LGIH) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on LGIH. Wedbush reiterated a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a research report on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price objective on shares of LGI Homes in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reduced their target price on LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LGI Homes presently has an average rating of “Hold” and a consensus target price of $118.33.

LGI Homes Price Performance

LGI Homes stock opened at $92.20 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The business has a 50 day simple moving average of $96.20 and a 200-day simple moving average of $103.87. LGI Homes has a 12 month low of $82.94 and a 12 month high of $130.75. The stock has a market capitalization of $2.17 billion, a PE ratio of 11.06 and a beta of 2.02.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.41. The company had revenue of $651.85 million during the quarter, compared to the consensus estimate of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. LGI Homes’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.84 EPS. Equities analysts predict that LGI Homes will post 8.46 earnings per share for the current year.

Hedge Funds Weigh In On LGI Homes

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN grew its holdings in LGI Homes by 3.7% in the third quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider’s stock valued at $111,350,000 after purchasing an additional 33,306 shares during the last quarter. River Road Asset Management LLC grew its stake in LGI Homes by 45.9% in the 3rd quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock valued at $82,425,000 after acquiring an additional 218,923 shares during the last quarter. Geode Capital Management LLC grew its stake in LGI Homes by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 497,039 shares of the financial services provider’s stock valued at $58,920,000 after acquiring an additional 7,129 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in LGI Homes by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 349,141 shares of the financial services provider’s stock valued at $41,380,000 after acquiring an additional 24,555 shares in the last quarter. Finally, Holocene Advisors LP raised its position in LGI Homes by 386.2% during the third quarter. Holocene Advisors LP now owns 130,968 shares of the financial services provider’s stock worth $15,522,000 after acquiring an additional 104,030 shares during the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

About LGI Homes

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.