LGI Homes, Inc. (NASDAQ:LGIH) insider Michael Larry Snider sold 20,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $62.75, for a total transaction of $1,255,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Michael Larry Snider also recently made the following trade(s):

  • On Thursday, September 21st, Michael Larry Snider sold 3,500 shares of LGI Homes stock. The shares were sold at an average price of $45.81, for a total transaction of $160,335.00.

Shares of LGI Homes, Inc. (NASDAQ:LGIH) traded down $0.12 during mid-day trading on Wednesday, hitting $65.16. 357,200 shares of the stock were exchanged, compared to its average volume of 381,468. LGI Homes, Inc. has a 12 month low of $26.82 and a 12 month high of $66.19. The firm has a market capitalization of $1,419.05, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 8.91 and a quick ratio of 0.86.

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

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Several hedge funds have recently made changes to their positions in LGIH. FMR LLC acquired a new position in shares of LGI Homes during the second quarter worth approximately $21,233,000. Capital Growth Management LP lifted its position in shares of LGI Homes by 113.6% during the third quarter. Capital Growth Management LP now owns 470,000 shares of the financial services provider’s stock worth $22,828,000 after purchasing an additional 250,000 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of LGI Homes by 467.7% during the second quarter. Pictet Asset Management Ltd. now owns 215,227 shares of the financial services provider’s stock worth $6,973,000 after purchasing an additional 177,316 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of LGI Homes during the second quarter worth approximately $6,402,000. Finally, BlackRock Inc. lifted its position in shares of LGI Homes by 3.9% during the second quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock worth $100,180,000 after purchasing an additional 92,633 shares in the last quarter. Institutional investors own 88.22% of the company’s stock.

Several brokerages have weighed in on LGIH. Zacks Investment Research raised shares of LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, July 18th. BidaskClub cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Wedbush raised shares of LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research note on Thursday, August 31st. ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Finally, J P Morgan Chase & Co cut shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $54.33.

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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