LGI Homes, Inc. (NASDAQ:LGIH) Given Consensus Recommendation of "Hold" by Brokerages

Shares of LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) have been assigned an average recommendation of "Hold" from the four brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $118.33.

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

Insider Activity

In other 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 transaction, the chief operating officer now owns 27,102 shares in the company, valued at $2,058,125.88. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is owned by corporate insiders.

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Institutional Trading of LGI Homes

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of LGI Homes by 131.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,557 shares of the financial services provider's stock worth $13,222,000 after purchasing an additional 63,346 shares during the last quarter. Citigroup Inc. increased its holdings in LGI Homes by 60.9% during the third quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider's stock worth $4,954,000 after buying an additional 15,818 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in LGI Homes by 5.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider's stock worth $383,000 after acquiring an additional 176 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in LGI Homes during the third quarter worth $334,000. Finally, River Road Asset Management LLC lifted its stake in LGI Homes by 30.6% in the fourth quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider's stock valued at $81,168,000 after acquiring an additional 212,468 shares during the last quarter. Institutional investors own 84.89% of the company's stock.

LGI Homes Trading Down 1.8 %

LGIH traded down $1.29 during mid-day trading on Monday, hitting $70.62. The stock had a trading volume of 330,680 shares, compared to its average volume of 260,337. The stock's fifty day simple moving average is $83.83 and its 200-day simple moving average is $98.64. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 8.47 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 has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.16). The firm had revenue of $557.40 million during the quarter, compared to the consensus estimate of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. LGI Homes's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.19 EPS. As a group, research analysts forecast that LGI Homes will post 8.46 EPS for the current fiscal year.

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.