LGI Homes (NASDAQ:LGIH) Trading Up 5.2% - What's Next?

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) shares were up 5.2% during trading on Thursday . The company traded as high as $76.05 and last traded at $76.23. Approximately 230,672 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 229,166 shares. The stock had previously closed at $72.49.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on LGI Homes from $82.00 to $80.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. Seaport Res Ptn raised LGI Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Wedbush reissued a "neutral" rating and set a $115.00 target price (down from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Finally, JMP Securities restated a "market outperform" rating and set a $160.00 target price on shares of LGI Homes in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $118.33.

LGI Homes Trading Up 0.2 %

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 $1.76 billion, a P/E ratio of 9.05 and a beta of 2.13. The business has a fifty day moving average price of $84.73 and a 200 day moving average price of $99.31.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake 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 buying an additional 63,346 shares during the last quarter. Citigroup Inc. boosted its position in LGI Homes by 60.9% during the third quarter. Citigroup Inc. now owns 41,797 shares of the financial services provider's stock valued at $4,954,000 after purchasing an additional 15,818 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in LGI Homes by 5.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the financial services provider's stock valued at $383,000 after purchasing an additional 176 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of LGI Homes during the 3rd quarter worth approximately $334,000. Finally, Covalent Partners LLC bought a new stake in shares of LGI Homes during the 3rd quarter worth approximately $2,655,000. Institutional investors own 84.89% of the company's stock.

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.