LGI Homes, Inc. (NASDAQ:LGIH) Shares Bought by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN raised its position in LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 939,504 shares of the financial services provider's stock after acquiring an additional 33,306 shares during the period. LGI Homes makes up approximately 2.1% of Disciplined Growth Investors Inc. MN's holdings, making the stock its 21st biggest holding. Disciplined Growth Investors Inc. MN owned 4.00% of LGI Homes worth $111,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LGIH. Allspring Global Investments Holdings LLC purchased a new position in LGI Homes in the 3rd quarter worth $43,000. Innealta Capital LLC purchased a new position in shares of LGI Homes in the second quarter worth about $39,000. First Horizon Advisors Inc. lifted its holdings in shares of LGI Homes by 32.5% during the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider's stock worth $39,000 after purchasing an additional 108 shares during the period. KBC Group NV increased its holdings in LGI Homes by 29.8% in the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider's stock worth $87,000 after buying an additional 168 shares during the period. Finally, CWM LLC increased its holdings in LGI Homes by 27.5% in the 3rd quarter. CWM LLC now owns 867 shares of the financial services provider's stock worth $103,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 84.89% of the company's stock.

LGI Homes Stock Performance

Shares of LGIH traded down $2.42 during trading hours on Tuesday, hitting $107.05. The stock had a trading volume of 58,774 shares, compared to its average volume of 206,742. The firm has a 50-day moving average price of $108.13 and a 200 day moving average price of $104.05. LGI Homes, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $136.89. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 13.13 and a beta of 1.99. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share 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 analysts' expectations of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. LGI Homes's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.84 EPS. As a group, research analysts anticipate that LGI Homes, Inc. will post 8.72 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a "neutral" rating and set a $125.00 target price on shares of LGI Homes in a report on Wednesday, November 6th.

LGI Homes 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.