LGI Homes Inc (NASDAQ:LGIH) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $61.88.

LGIH has been the subject of several research reports. Wells Fargo & Co raised LGI Homes from a “market perform” rating to an “outperform” rating in a research note on Monday, January 7th. ValuEngine cut LGI Homes from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. BidaskClub cut LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Finally, JMP Securities reaffirmed a “buy” rating and set a $68.00 target price on shares of LGI Homes in a research note on Wednesday, March 6th.

In related news, CEO Eric Thomas Lipar sold 40,478 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $56.76, for a total value of $2,297,531.28. Following the completion of the transaction, the chief executive officer now owns 591,685 shares in the company, valued at approximately $33,584,040.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Karnig Vahradian sold 4,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $55.43, for a total value of $221,720.00. Following the completion of the transaction, the director now owns 24,453 shares of the company’s stock, valued at approximately $1,355,429.79. The disclosure for this sale can be found here. Insiders sold a total of 123,259 shares of company stock valued at $7,061,262 in the last quarter. 13.40% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Campbell Newman Asset Management Inc. boosted its position in shares of LGI Homes by 2.5% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 8,017 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 197 shares during the period. State of Alaska Department of Revenue boosted its position in shares of LGI Homes by 4.5% in the 4th quarter. State of Alaska Department of Revenue now owns 6,233 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 270 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of LGI Homes by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 12,902 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 283 shares during the period. LPL Financial LLC boosted its position in shares of LGI Homes by 2.6% in the 4th quarter. LPL Financial LLC now owns 13,576 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 346 shares during the period. Finally, Texas Permanent School Fund boosted its position in shares of LGI Homes by 4.4% in the 4th quarter. Texas Permanent School Fund now owns 12,190 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

Shares of NASDAQ:LGIH traded up $2.07 on Wednesday, hitting $67.28. The company’s stock had a trading volume of 5,443 shares, compared to its average volume of 346,437. LGI Homes has a 12 month low of $37.16 and a 12 month high of $81.88. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.88 and a beta of 0.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.61 and a current ratio of 15.92.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, February 26th. The financial services provider reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.03). LGI Homes had a net margin of 10.32% and a return on equity of 26.36%. The firm had revenue of $425.20 million for the quarter, compared to the consensus estimate of $429.46 million. During the same period in the prior year, the business earned $1.43 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that LGI Homes will post 6.94 EPS for the current year.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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