LGI Homes, Inc. (NASDAQ:LGIH) Stake Boosted by River Road Asset Management LLC

River Road Asset Management LLC grew its holdings in shares of LGI Homes, Inc. (NASDAQ:LGIH - Free Report) by 45.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 695,455 shares of the financial services provider's stock after purchasing an additional 218,923 shares during the quarter. LGI Homes makes up about 1.1% of River Road Asset Management LLC's investment portfolio, making the stock its 28th biggest position. River Road Asset Management LLC owned 2.95% of LGI Homes worth $82,425,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LGIH. Vanguard Group Inc. raised its position in shares of LGI Homes by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,220,411 shares of the financial services provider's stock worth $258,389,000 after buying an additional 19,800 shares during the period. Dimensional Fund Advisors LP raised its position in shares of LGI Homes by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider's stock worth $134,827,000 after buying an additional 53,031 shares during the period. Disciplined Growth Investors Inc. MN raised its position in shares of LGI Homes by 1.7% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 906,198 shares of the financial services provider's stock worth $81,096,000 after buying an additional 15,340 shares during the period. Capital World Investors raised its position in LGI Homes by 6.2% in the first quarter. Capital World Investors now owns 846,202 shares of the financial services provider's stock valued at $98,473,000 after purchasing an additional 49,640 shares during the period. Finally, Altshuler Shaham Ltd raised its position in LGI Homes by 5,860.2% in the second quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider's stock valued at $40,696,000 after purchasing an additional 447,130 shares during the period. Hedge funds and other institutional investors own 84.89% of the company's stock.

LGI Homes Price Performance

NASDAQ:LGIH traded up $7.62 during midday trading on Tuesday, hitting $111.16. 345,432 shares of the stock were exchanged, compared to its average volume of 211,445. LGI Homes, Inc. has a one year low of $84.00 and a one year 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. The business has a 50-day moving average price of $110.42 and a two-hundred day moving average price of $102.39. The company has a current ratio of 12.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.78.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on LGI Homes from $95.00 to $93.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 10th. Wedbush restated a "neutral" rating and set a $125.00 target price on shares of LGI Homes in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $126.00.

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.