LGI Homes, Inc. (NASDAQ:LGIH) Receives $118.33 Average Price Target from Analysts

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has earned a consensus rating of "Hold" from the four brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $118.33.

LGIH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. JMP Securities reissued a "market outperform" rating and issued a $160.00 target price on shares of LGI Homes in a research note on Friday, January 10th. Wedbush reissued a "neutral" rating and set a $115.00 target price (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Finally, Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th.

LGI Homes Stock Performance

Shares of NASDAQ LGIH traded up $3.70 during midday trading on Friday, hitting $60.41. 770,279 shares of the stock traded hands, compared to its average volume of 236,374. The firm has a 50-day moving average of $73.95 and a two-hundred day moving average of $92.05. The firm has a market capitalization of $1.41 billion, a P/E ratio of 7.24 and a beta of 1.99. LGI Homes has a one year low of $54.05 and a one year high of $125.83. 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, February 25th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.16). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $557.40 million for the quarter, compared to the consensus estimate of $588.56 million. During the same period in the prior year, the firm posted $2.19 EPS. The business's revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts forecast that LGI Homes will post 8.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $75.94, for a total value of $83,913.70. Following the completion of the sale, the chief operating officer now owns 27,102 shares of the company's stock, valued at approximately $2,058,125.88. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.30% of the stock is currently owned by corporate insiders.

Institutional Trading of LGI Homes

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in LGI Homes by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider's stock worth $203,377,000 after buying an additional 54,039 shares during the last quarter. Dimensional Fund Advisors LP raised its position in LGI Homes by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider's stock worth $134,491,000 after acquiring an additional 6,706 shares during the period. Wasatch Advisors LP boosted its holdings in LGI Homes by 2.7% in the 4th quarter. Wasatch Advisors LP now owns 1,395,710 shares of the financial services provider's stock worth $124,776,000 after buying an additional 36,608 shares during the last quarter. Khrom Capital Management LLC grew its holdings in shares of LGI Homes by 19.4% during the fourth quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider's stock worth $97,965,000 after buying an additional 177,698 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in LGI Homes by 3.7% during the third quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider's stock worth $111,350,000 after buying an additional 33,306 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.