Insider Selling: LGI Homes, Inc. (LGIH) Director Sells $1,461,831.28 in Stock

LGI Homes, Inc. (NASDAQ:LGIH) Director Bryan Christopher Sansbury sold 23,101 shares of LGI Homes stock in a transaction on Friday, November 10th. The shares were sold at an average price of $63.28, for a total value of $1,461,831.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

LGI Homes, Inc. (NASDAQ:LGIH) opened at $62.41 on Friday. 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, Inc. has a 52 week low of $26.82 and a 52 week high of $66.19. The company has a market capitalization of $1,376.66, a PE ratio of 14.66, a price-to-earnings-growth ratio of 1.27 and a beta of 0.20.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of LGIH. Parametric Portfolio Associates LLC grew its stake in LGI Homes by 250.8% in the first quarter. Parametric Portfolio Associates LLC now owns 45,615 shares of the financial services provider’s stock valued at $1,547,000 after purchasing an additional 32,613 shares in the last quarter. Alliancebernstein L.P. grew its stake in LGI Homes by 48.2% in the first quarter. Alliancebernstein L.P. now owns 24,300 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 7,900 shares in the last quarter. Principal Financial Group Inc. grew its stake in LGI Homes by 3.2% in the first quarter. Principal Financial Group Inc. now owns 146,134 shares of the financial services provider’s stock valued at $4,955,000 after purchasing an additional 4,549 shares in the last quarter. Teachers Advisors LLC grew its stake in LGI Homes by 3.2% in the first quarter. Teachers Advisors LLC now owns 27,956 shares of the financial services provider’s stock valued at $948,000 after purchasing an additional 859 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in LGI Homes by 1.1% in the first quarter. Legal & General Group Plc now owns 28,293 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 88.22% of the company’s stock.

A number of research analysts have recently weighed in on LGIH shares. TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a report on Monday. Deutsche Bank AG lifted their price target on LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 10th. BidaskClub downgraded LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Zacks Investment Research downgraded LGI Homes from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, JMP Securities lifted their price target on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus 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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