LGI Homes (NASDAQ: LGIH) has recently received a number of price target changes and ratings updates:

  • 8/25/2017 – LGI Homes was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/12/2017 – LGI Homes was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “LGI Homes, Inc. is engaged in the design and construction of entry-level homes across Texas, Arizona, Florida and Georgia. The company focuses on converting renters of apartments and single-family homes into homeowners by offering homes at affordable locations. LGI Homes, Inc. is headquartered in The Woodlands, Texas. “
  • 8/10/2017 – LGI Homes had its price target raised by analysts at Deutsche Bank AG from $40.00 to $55.00. They now have a “buy” rating on the stock.
  • 8/9/2017 – LGI Homes was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating. They now have a $49.00 price target on the stock.
  • 7/24/2017 – LGI Homes was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/18/2017 – LGI Homes was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “LGI Homes, Inc. is engaged in the design and construction of entry-level homes across Texas, Arizona, Florida and Georgia. The company focuses on converting renters of apartments and single-family homes into homeowners by offering homes at affordable locations. LGI Homes, Inc. is headquartered in The Woodlands, Texas. “
  • 7/4/2017 – LGI Homes had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $35.00 price target on the stock.

LGI Homes, Inc. (LGIH) traded down 1.58% during mid-day trading on Tuesday, hitting $41.14. 684,562 shares of the stock traded hands. LGI Homes, Inc. has a 52-week low of $26.82 and a 52-week high of $49.95. The firm has a market cap of $889.24 million, a P/E ratio of 10.92 and a beta of 0.07. The firm’s 50-day moving average is $44.61 and its 200 day moving average is $35.74.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.12. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The business had revenue of $324.20 million for the quarter, compared to analysts’ expectations of $317.63 million. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue was up 45.6% on a year-over-year basis. Equities analysts predict that LGI Homes, Inc. will post $4.28 EPS for the current fiscal year.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $46.30, for a total value of $1,157,500.00. Following the transaction, the director now directly owns 159,551 shares of the company’s stock, valued at $7,387,211.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Thomas Lipar sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were 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 $22,324,613.25. The disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

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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