LGI Homes (NASDAQ:LGIH) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other research analysts have also recently commented on LGIH. BidaskClub upgraded shares of LGI Homes from a “strong sell” rating to a “sell” rating in a report on Thursday, June 28th. Wedbush set a $65.00 target price on shares of LGI Homes and gave the stock a “neutral” rating in a report on Friday, July 6th. Finally, Zacks Investment Research upgraded shares of LGI Homes from a “sell” rating to a “hold” rating and set a $66.00 price target for the company in a research note on Friday, August 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. LGI Homes presently has an average rating of “Hold” and a consensus price target of $64.67.

Shares of LGIH opened at $50.57 on Friday. LGI Homes has a 12 month low of $42.10 and a 12 month high of $81.88. The firm has a market cap of $1.20 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.73 and a beta of 0.04. The company has a quick ratio of 1.47, a current ratio of 15.32 and a debt-to-equity ratio of 0.98.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, August 7th. The financial services provider reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.22. LGI Homes had a net margin of 9.81% and a return on equity of 28.50%. The business had revenue of $419.85 million during the quarter, compared to analysts’ expectations of $414.52 million. equities research analysts predict that LGI Homes will post 6.57 EPS for the current year.

A number of hedge funds have recently made changes to their positions in LGIH. Epoch Investment Partners Inc. acquired a new stake in LGI Homes in the first quarter valued at $72,195,000. Wasatch Advisors Inc. lifted its stake in LGI Homes by 30.9% in the second quarter. Wasatch Advisors Inc. now owns 1,136,799 shares of the financial services provider’s stock valued at $65,627,000 after acquiring an additional 268,391 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in LGI Homes in the first quarter valued at $11,066,000. Penserra Capital Management LLC acquired a new stake in LGI Homes in the first quarter valued at $10,973,000. Finally, BlackRock Inc. lifted its stake in LGI Homes by 4.8% in the second quarter. BlackRock Inc. now owns 2,719,627 shares of the financial services provider’s stock valued at $157,003,000 after acquiring an additional 124,283 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

LGI Homes Company Profile

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

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