Capstone Asset Management Co. decreased its stake in LGI Homes, Inc. (NASDAQ:LGIH) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,660 shares of the financial services provider’s stock after selling 340 shares during the period. Capstone Asset Management Co.’s holdings in LGI Homes were worth $348,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in LGIH. Bank of New York Mellon Corp increased its position in shares of LGI Homes by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 204,643 shares of the financial services provider’s stock valued at $6,940,000 after buying an additional 6,690 shares during the period. Heartland Advisors Inc. acquired a new position in shares of LGI Homes during the first quarter valued at $23,805,000. Great West Life Assurance Co. Can increased its position in shares of LGI Homes by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 24,404 shares of the financial services provider’s stock valued at $828,000 after buying an additional 1,493 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of LGI Homes during the first quarter valued at $744,000. Finally, Boston Advisors LLC increased its position in shares of LGI Homes by 352.5% in the first quarter. Boston Advisors LLC now owns 201,781 shares of the financial services provider’s stock valued at $6,842,000 after buying an additional 157,192 shares during the period. Hedge funds and other institutional investors own 87.66% of the company’s stock.

Shares of LGI Homes, Inc. (NASDAQ LGIH) traded up 0.56% during trading on Thursday, hitting $46.32. The company’s stock had a trading volume of 137,347 shares. LGI Homes, Inc. has a one year low of $26.82 and a one year high of $49.95. The stock has a market cap of $1.00 billion, a PE ratio of 12.30 and a beta of 0.07. The company has a 50-day moving average price of $42.56 and a 200-day moving average price of $34.49.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.12. The firm had revenue of $324.20 million during the quarter, compared to the consensus estimate of $317.63 million. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The company’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Equities analysts predict that LGI Homes, Inc. will post $4.17 EPS for the current fiscal year.

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LGIH has been the topic of several research analyst reports. J P Morgan Chase & Co downgraded LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Wednesday. Deutsche Bank AG boosted their price target on LGI Homes to $55.00 and gave the company a “buy” rating in a research note on Thursday. BidaskClub upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Wedbush reiterated a “neutral” rating and set a $35.00 price target on shares of LGI Homes in a research note on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. LGI Homes has an average rating of “Buy” and an average price target of $44.20.

In other LGI Homes news, CEO Eric Thomas Lipar sold 10,000 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $42.59, for a total value of $425,900.00. Following the completion of the transaction, the chief executive officer now directly owns 524,175 shares in the company, valued at approximately $22,324,613.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.60% of the company’s stock.

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.

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

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