LGI Homes (NASDAQ:LGIH) Receives "Market Outperform" Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of LGI Homes (NASDAQ:LGIH - Free Report) in a research report released on Friday morning,Benzinga reports. They currently have a $160.00 price target on the financial services provider's stock.

Several other equities research analysts have also recently issued reports on the company. Wedbush reiterated a "neutral" rating and issued a $115.00 price target (down from $125.00) on shares of LGI Homes in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on LGI Homes from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, December 13th.

LGI Homes Price Performance

Shares of LGIH stock traded down $2.58 during trading on Friday, hitting $83.29. The company had a trading volume of 150,988 shares, compared to its average volume of 202,781. 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 market capitalization of $1.96 billion, a P/E ratio of 9.99 and a beta of 2.02. The stock's 50-day moving average price is $100.09 and its 200 day moving average price is $103.59. LGI Homes has a one year low of $82.94 and a one year high of $130.75.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LGIH. Commonwealth Equity Services LLC increased its holdings in shares of LGI Homes by 38.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,702 shares of the financial services provider's stock worth $242,000 after buying an additional 755 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of LGI Homes by 1.9% during the second quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider's stock worth $532,000 after buying an additional 112 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of LGI Homes by 3.9% during the second quarter. Texas Permanent School Fund Corp now owns 18,649 shares of the financial services provider's stock worth $1,669,000 after buying an additional 707 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of LGI Homes by 133.4% during the second quarter. Headlands Technologies LLC now owns 2,602 shares of the financial services provider's stock worth $233,000 after buying an additional 1,487 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of LGI Homes by 21.3% during the second quarter. American Century Companies Inc. now owns 29,358 shares of the financial services provider's stock worth $2,627,000 after buying an additional 5,159 shares in the last quarter. 84.89% of the stock is currently owned by institutional investors and hedge funds.

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.