Wedbush Cuts LGI Homes (NASDAQ:LGIH) Price Target to $93.00

LGI Homes (NASDAQ:LGIH) had its target price decreased by Wedbush from $100.00 to $93.00 in a research note published on Thursday morning,Benzinga reports. Wedbush currently has a neutral rating on the financial services provider’s stock. Wedbush also issued estimates for LGI Homes’ Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $2.14 EPS, Q4 2025 earnings at $2.62 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $2.31 EPS, Q4 2026 earnings at $2.81 EPS and FY2026 earnings at $6.58 EPS.

Separately, JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of LGI Homes in a research report on Wednesday, April 30th.

LGI Homes Trading Down 1.5%

Shares of LGIH stock opened at $48.96 on Thursday. The firm has a 50 day moving average price of $55.89 and a two-hundred day moving average price of $76.27. The company has a quick ratio of 0.54, a current ratio of 12.72 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.15 billion, a PE ratio of 5.87 and a beta of 1.77. LGI Homes has a 12-month low of $47.79 and a 12-month high of $125.83.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.29). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $351.42 million during the quarter, compared to analyst estimates of $380.07 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. As a group, analysts predict that LGI Homes will post 8.46 earnings per share for the current year.

Insider Buying and Selling at LGI Homes

In other LGI Homes news, COO Michael Larry Snider sold 1,105 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $75.94, for a total transaction of $83,913.70. Following the sale, the chief operating officer now owns 27,102 shares of the company’s stock, valued at approximately $2,058,125.88. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.30% of the company’s stock.

Institutional Trading of LGI Homes

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of LGI Homes by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider’s stock worth $203,377,000 after buying an additional 54,039 shares during the last quarter. Northern Trust Corp grew its stake in shares of LGI Homes by 11.5% during the fourth quarter. Northern Trust Corp now owns 219,547 shares of the financial services provider’s stock worth $19,628,000 after buying an additional 22,615 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of LGI Homes by 30.6% during the fourth quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider’s stock worth $81,168,000 after buying an additional 212,468 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of LGI Homes during the fourth quarter worth $15,507,000. Finally, Squarepoint Ops LLC bought a new stake in shares of LGI Homes during the fourth quarter worth $3,227,000. Institutional investors own 84.89% of the company’s stock.

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.