Analysts Set LGI Homes, Inc. (NASDAQ:LGIH) Target Price at $118.33

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have received an average recommendation of “Hold” from the four ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $118.33.

A number of analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective (down previously from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a report on Friday, January 10th. Seaport Res Ptn raised shares of LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th.

Insider Activity at LGI Homes

In other news, COO Michael Larry Snider sold 1,105 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the transaction, the chief operating officer now owns 27,102 shares in the company, valued at approximately $2,058,125.88. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 12.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LGI Homes

Large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of LGI Homes by 112.9% during the 4th 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 boosted its position in shares of LGI Homes by 801.5% during the 4th 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 boosted its position in shares of LGI Homes by 29.8% during the 3rd 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. boosted its position in shares of LGI Homes by 6.9% during the 4th 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 lifted 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 buying an additional 212 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Up 1.8 %

Shares of NASDAQ:LGIH opened at $71.86 on Monday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 8.62 and a beta of 2.13. LGI Homes has a 1-year low of $68.66 and a 1-year high of $125.83. The company’s fifty day moving average is $83.20 and its two-hundred day moving average is $98.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72.

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 business had revenue of $557.40 million for the quarter, compared to analyst estimates of $588.56 million. During the same period last year, the company posted $2.19 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts anticipate that LGI Homes will post 8.46 EPS for the current year.

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.