LGI Homes (NASDAQ:LGIH) Shares Up 5.2% – What’s Next?

LGI Homes, Inc. (NASDAQ:LGIH) shares shot up 5.2% on Thursday . The company traded as high as $76.05 and last traded at $76.23. 230,672 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 229,166 shares. The stock had previously closed at $72.49.

Analysts Set New Price Targets

A number of research firms have weighed in on LGIH. JPMorgan Chase & Co. dropped their price target on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn upgraded shares of LGI Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of LGI Homes in a research report on Friday, January 10th. Finally, Wedbush restated 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, LGI Homes currently has an average rating of “Hold” and an average target price of $118.33.

LGI Homes Trading Down 0.6 %

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 stock’s 50-day moving average is $85.02 and its two-hundred day moving average is $99.59. The stock has a market cap of $1.76 billion, a P/E ratio of 9.00 and a beta of 2.03.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The company had revenue of $557.40 million for the quarter, compared to the consensus estimate of $588.56 million. During the same quarter in the prior year, the company posted $2.19 EPS. LGI Homes’s revenue was down 8.4% compared to the same quarter last year. Equities research analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Institutional Investors Weigh In On LGI Homes

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. raised its stake in LGI Homes by 112.9% during the fourth quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 184 shares in the last quarter. Sterling Capital Management LLC raised its stake in LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 545 shares in the last quarter. KBC Group NV raised its stake in LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 168 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in LGI Homes by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 141 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in LGI Homes by 10.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

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.