LGI Homes, Inc. (NASDAQ:LGIH) Director Bryan Christopher Sansbury sold 25,000 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $46.30, for a total value of $1,157,500.00. Following the transaction, the director now owns 159,551 shares in the company, valued at $7,387,211.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LGI Homes, Inc. (LGIH) traded up 0.56% during trading on Wednesday, reaching $46.81. The company had a trading volume of 238,994 shares. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.43 and a beta of 0.07. LGI Homes, Inc. has a 12 month low of $26.82 and a 12 month high of $49.95. The stock has a 50 day moving average price of $43.46 and a 200 day moving average price of $34.94.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.12. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The business had revenue of $324.20 million for the quarter, compared to the consensus estimate of $317.63 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. LGI Homes’s revenue for the quarter was up 45.6% compared to the same quarter last year. On average, equities research analysts predict that LGI Homes, Inc. will post $4.20 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of LGIH. LS Investment Advisors LLC increased its position in shares of LGI Homes by 414.6% in the first quarter. LS Investment Advisors LLC now owns 3,103 shares of the financial services provider’s stock worth $105,000 after buying an additional 2,500 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of LGI Homes by 85.3% in the first quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock worth $105,000 after buying an additional 1,422 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of LGI Homes by 14.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock worth $110,000 after buying an additional 402 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of LGI Homes by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock worth $135,000 after buying an additional 260 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of LGI Homes by 82.4% in the second quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,533 shares in the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.

LGIH has been the topic of several recent analyst reports. Wedbush reiterated a “neutral” rating and set a $35.00 target price on shares of LGI Homes in a research report on Tuesday, July 4th. Zacks Investment Research downgraded LGI Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. BidaskClub upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Deutsche Bank AG increased their target price on LGI Homes from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Wells Fargo & Company upgraded LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 target price on the stock in a research report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $44.20.

About LGI Homes

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

Insider Buying and Selling by Quarter for LGI Homes (NASDAQ:LGIH)

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