Brokerages Set LGI Homes, Inc. (NASDAQ:LGIH) PT at $118.33

Shares of LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) have been given an average rating of "Hold" by the four brokerages that are currently covering the stock, MarketBeat Ratings 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 twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $118.33.

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

Institutional Trading of LGI Homes

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in shares of LGI Homes by 112.9% in the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider's stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of LGI Homes during the third quarter valued at $43,000. Sterling Capital Management LLC grew its holdings in shares of LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider's stock valued at $55,000 after buying an additional 545 shares in the last quarter. KBC Group NV grew its holdings in shares of LGI Homes by 29.8% during the third quarter. KBC Group NV now owns 732 shares of the financial services provider's stock valued at $87,000 after buying an additional 168 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of LGI Homes by 27.5% during the third quarter. CWM LLC now owns 867 shares of the financial services provider's stock valued at $103,000 after buying an additional 187 shares in the last quarter. Institutional investors own 84.89% of the company's stock.

LGI Homes Stock Up 0.3 %

Shares of LGIH stock traded up $0.27 during trading hours on Thursday, reaching $85.11. The company had a trading volume of 166,607 shares, compared to its average volume of 185,065. 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 has a twelve month low of $81.71 and a twelve month high of $130.75. The company has a market capitalization of $2.00 billion, a P/E ratio of 10.21 and a beta of 2.03. The stock's fifty day simple moving average is $90.66 and its 200 day simple moving average is $102.15.

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.