LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has been given an average recommendation of "Hold" by the four research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $126.00.
Several equities research analysts recently issued reports on LGIH shares. Wedbush reissued a "neutral" rating and set a $125.00 price objective on shares of LGI Homes in a research note on Friday, October 4th. JPMorgan Chase & Co. decreased their price objective on shares of LGI Homes from $95.00 to $93.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 10th.
Read Our Latest Research Report on LGI Homes
LGI Homes Price Performance
NASDAQ LGIH traded up $7.62 on Tuesday, hitting $111.16. The stock had a trading volume of 345,432 shares, compared to its average volume of 211,445. The firm has a 50-day moving average of $110.42 and a 200-day moving average of $102.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 12.63. LGI Homes has a 52-week low of $84.00 and a 52-week high of $136.89. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 13.36 and a beta of 1.97.
Institutional Investors Weigh In On LGI Homes
A number of hedge funds have recently made changes to their positions in LGIH. BNP Paribas Financial Markets lifted its stake in LGI Homes by 28.6% in the first quarter. BNP Paribas Financial Markets now owns 34,290 shares of the financial services provider's stock worth $3,990,000 after purchasing an additional 7,616 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of LGI Homes by 23.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,334 shares of the financial services provider's stock valued at $272,000 after acquiring an additional 444 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in LGI Homes during the 1st quarter valued at about $52,000. GSA Capital Partners LLP bought a new position in LGI Homes during the 1st quarter worth approximately $1,298,000. Finally, Texas Permanent School Fund Corp increased its stake in LGI Homes by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 17,942 shares of the financial services provider's stock worth $2,088,000 after purchasing an additional 233 shares during the period. 84.89% of the stock is currently owned by institutional investors.
About LGI Homes
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Get Free ReportLGI 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.
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