LGI Homes, Inc. (NASDAQ:LGIH) Receives $118.33 Consensus PT from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has been given an average recommendation of “Hold” by the three research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $118.33.

A number of brokerages recently issued reports on LGIH. Wedbush reissued a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price target on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th.

LGI Homes Stock Down 1.4 %

LGIH stock opened at $90.39 on Friday. The firm’s fifty day simple moving average is $96.51 and its 200-day simple moving average is $103.86. The company has a market capitalization of $2.13 billion, a P/E ratio of 10.84 and a beta of 2.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. LGI Homes has a 12 month low of $82.94 and a 12 month high of $130.75.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $2.54 by $0.41. The business had revenue of $651.85 million for the quarter, compared to the consensus estimate of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 EPS. As a group, 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

A number of large investors have recently added to or reduced their stakes in LGIH. Commonwealth Equity Services LLC raised its position in LGI Homes by 38.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,702 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 755 shares during the period. American Century Companies Inc. raised its position in LGI Homes by 21.3% during the second quarter. American Century Companies Inc. now owns 29,358 shares of the financial services provider’s stock worth $2,627,000 after acquiring an additional 5,159 shares during the period. Envestnet Asset Management Inc. raised its position in LGI Homes by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 32,741 shares of the financial services provider’s stock worth $2,930,000 after acquiring an additional 4,145 shares during the period. Dimensional Fund Advisors LP raised its position in LGI Homes by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,506,611 shares of the financial services provider’s stock worth $134,827,000 after acquiring an additional 53,031 shares during the period. Finally, Hsbc Holdings PLC raised its position in LGI Homes by 90.7% during the second quarter. Hsbc Holdings PLC now owns 4,402 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 2,094 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.