LGI Homes, Inc. (NASDAQ:LGIH) Receives $72.13 Consensus Target Price from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $76.70.

A number of equities research analysts have recently commented on LGIH shares. Citizens Jmp upped their price objective on shares of LGI Homes from $85.00 to $95.00 and gave the company a “market outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of LGI Homes from $47.00 to $48.50 and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Wedbush reiterated a “neutral” rating and set a $95.00 price target on shares of LGI Homes in a report on Monday, October 6th. Capital One Financial set a $60.00 price objective on LGI Homes in a research report on Thursday, October 9th. Finally, Citigroup restated an “outperform” rating on shares of LGI Homes in a research report on Wednesday.

LGI Homes Trading Up 13.9%

Shares of LGIH stock opened at $53.28 on Monday. LGI Homes has a 1-year low of $39.70 and a 1-year high of $97.25. The company has a current ratio of 18.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 11.76 and a beta of 1.88. The stock has a 50-day moving average of $46.94 and a 200-day moving average of $52.18.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.09). The company had revenue of $396.63 million during the quarter, compared to the consensus estimate of $421.66 million. LGI Homes had a net margin of 5.93% and a return on equity of 5.50%. On average, equities research analysts forecast that LGI Homes will post 8.46 earnings per share for the current year.

Hedge Funds Weigh In On LGI Homes

Several institutional investors have recently added to or reduced their stakes in LGIH. MassMutual Private Wealth & Trust FSB grew its position in shares of LGI Homes by 453.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 531 shares of the financial services provider’s stock worth $27,000 after buying an additional 435 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in LGI Homes by 75.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 237 shares during the period. Russell Investments Group Ltd. increased its stake in LGI Homes by 106.6% in the second quarter. Russell Investments Group Ltd. now owns 591 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 305 shares in the last quarter. Signaturefd LLC raised its holdings in shares of LGI Homes by 284.4% during the second quarter. Signaturefd LLC now owns 815 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 603 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of LGI Homes by 35.1% during the third quarter. Versant Capital Management Inc now owns 947 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 246 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Company Profile

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.