California State Teachers Retirement System raised its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,595 shares of the financial services provider’s stock after purchasing an additional 200 shares during the period. California State Teachers Retirement System owned 0.14% of LGI Homes worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in 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 valued at $136,000 after purchasing an additional 1,533 shares during the last quarter. Victory Capital Management Inc. grew its stake in LGI Homes by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,633 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 543 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in LGI Homes by 56.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,069 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 1,831 shares during the last quarter. Fortaleza Asset Management Inc. grew its stake in LGI Homes by 38.5% in the second quarter. Fortaleza Asset Management Inc. now owns 5,775 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 1,605 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in LGI Homes by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

In other news, CEO Eric Thomas Lipar sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $54.27, for a total transaction of $1,356,750.00. Following the sale, the chief executive officer now owns 504,593 shares in the company, valued at $27,384,262.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bryan Christopher Sansbury sold 23,101 shares of LGI Homes stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $63.28, for a total value of $1,461,831.28. The disclosure for this sale can be found here. Insiders have sold 71,601 shares of company stock worth $4,233,916 in the last 90 days. Insiders own 13.60% of the company’s stock.

Several equities analysts have issued reports on LGIH shares. Wedbush upgraded LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Thursday, August 31st. Deutsche Bank AG lifted their target price on LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. JMP Securities lifted their target price on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 8th. TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. LGI Homes currently has an average rating of “Buy” and a consensus target price of $54.33.

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Shares of LGI Homes, Inc. (NASDAQ:LGIH) opened at $67.39 on Thursday. LGI Homes, Inc. has a 52 week low of $26.82 and a 52 week high of $67.92. The firm has a market capitalization of $1,472.31, a PE ratio of 15.68, a PEG ratio of 1.36 and a beta of 0.20. The company has a current ratio of 8.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.04.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.10. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The business had revenue of $365.90 million for the quarter, compared to analyst estimates of $355.81 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The company’s revenue was up 69.2% on a year-over-year basis. research analysts forecast that LGI Homes, Inc. will post 4.54 EPS for the current fiscal year.

LGI Homes Company Profile

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.

Institutional Ownership by Quarter for LGI Homes (NASDAQ:LGIH)

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