LGI Homes, Inc. (NASDAQ:LGIH) Receives $122.33 Consensus Target Price from Analysts

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has been given a consensus rating of "Hold" by the three brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $122.33.

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of LGI Homes from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, December 13th. Wedbush reaffirmed a "neutral" rating and set a $125.00 target price on shares of LGI Homes in a research note on Wednesday, November 6th.

LGI Homes Price Performance

NASDAQ LGIH traded down $0.06 during trading hours on Wednesday, reaching $90.37. The company's stock had a trading volume of 94,999 shares, compared to its average volume of 165,505. LGI Homes has a 1 year low of $84.00 and a 1 year high of $136.89. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 10.84 and a beta of 1.99. The firm's 50-day moving average price is $104.07 and its 200-day moving average price is $104.06.

LGI Homes (NASDAQ:LGIH - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.41. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The business had revenue of $651.85 million for the quarter, compared to analysts' expectations of $645.27 million. During the same period in the prior year, the firm earned $2.84 EPS. The company's revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts predict that LGI Homes will post 8.72 EPS for the current fiscal year.

Institutional Investors Weigh In On LGI Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in shares of LGI Homes by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider's stock worth $134,827,000 after buying an additional 53,031 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in LGI Homes by 3.7% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider's stock worth $111,350,000 after acquiring an additional 33,306 shares during the last quarter. River Road Asset Management LLC lifted its position in LGI Homes by 45.9% during the 3rd quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider's stock worth $82,425,000 after acquiring an additional 218,923 shares during the period. Geode Capital Management LLC lifted its position in LGI Homes by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 497,039 shares of the financial services provider's stock worth $58,920,000 after acquiring an additional 7,129 shares during the period. Finally, Altshuler Shaham Ltd grew its stake in LGI Homes by 5,860.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider's stock valued at $40,696,000 after purchasing an additional 447,130 shares during the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

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.