LGI Homes (NASDAQ:LGIH) Reaches New 12-Month Low - Should You Sell?

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $82.99 and last traded at $83.16, with a volume of 7758 shares traded. The stock had previously closed at $84.65.

Analyst Ratings Changes

A number of research firms have recently commented on LGIH. Wedbush reaffirmed a "neutral" rating and set a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on LGI Homes from $100.00 to $82.00 and set an "underweight" rating on the stock in a research note on Friday, December 13th.

LGI Homes Price Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The firm has a fifty day simple moving average of $100.72 and a 200 day simple moving average of $103.84. The company has a market capitalization of $2.02 billion, a PE ratio of 10.30 and a beta of 2.02.

LGI Homes (NASDAQ:LGIH - Get Free Report) last released its quarterly earnings data 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. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $651.85 million during the quarter, compared to analyst estimates of $645.27 million. During the same period in the prior year, the firm earned $2.84 earnings per share. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts anticipate that LGI Homes, Inc. will post 8.72 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LGIH. Allspring Global Investments Holdings LLC acquired a new position in shares of LGI Homes during the third quarter worth $43,000. KBC Group NV raised its stake in LGI Homes by 29.8% in 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 during the last quarter. CWM LLC boosted its holdings in LGI Homes by 27.5% in the third quarter. CWM LLC now owns 867 shares of the financial services provider's stock worth $103,000 after acquiring an additional 187 shares in the last quarter. Heritage Family Offices LLP acquired a new position in shares of LGI Homes during the third quarter valued at about $218,000. Finally, HighTower Advisors LLC purchased a new position in shares of LGI Homes in the 3rd quarter valued at approximately $229,000. 84.89% of the stock is owned by 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.