LGI Homes, Inc. (NASDAQ:LGIH) Given Average Recommendation of “Hold” by Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $72.75.

Several brokerages have recently weighed in on LGIH. Weiss Ratings restated a “sell (d)” rating on shares of LGI Homes in a report on Friday, May 22nd. Wall Street Zen upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. boosted their target price on LGI Homes from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Finally, Zacks Research upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st.

LGI Homes Trading Up 0.5%

LGIH stock opened at $50.59 on Thursday. The company has a current ratio of 18.56, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81. LGI Homes has a 12-month low of $33.55 and a 12-month high of $69.50. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 16.59 and a beta of 1.87. The business’s 50-day moving average is $44.18 and its 200 day moving average is $47.18.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.22. The company had revenue of $319.74 million for the quarter, compared to analysts’ expectations of $328.22 million. LGI Homes had a return on equity of 3.80% and a net margin of 4.22%.LGI Homes’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. On average, sell-side analysts anticipate that LGI Homes will post 2.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CDAM UK Ltd raised its position in shares of LGI Homes by 15.4% during the 4th quarter. CDAM UK Ltd now owns 743,153 shares of the financial services provider’s stock valued at $31,926,000 after buying an additional 99,090 shares during the period. SG Americas Securities LLC raised its position in shares of LGI Homes by 1,158.0% during the 4th quarter. SG Americas Securities LLC now owns 91,471 shares of the financial services provider’s stock valued at $3,930,000 after buying an additional 84,200 shares during the period. Voloridge Investment Management LLC raised its position in shares of LGI Homes by 118.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 155,012 shares of the financial services provider’s stock valued at $8,016,000 after buying an additional 84,079 shares during the period. Trexquant Investment LP raised its position in shares of LGI Homes by 171.3% during the 4th quarter. Trexquant Investment LP now owns 125,065 shares of the financial services provider’s stock valued at $5,373,000 after buying an additional 78,960 shares during the period. Finally, Voss Capital LP raised its position in shares of LGI Homes by 33.3% during the 3rd quarter. Voss Capital LP now owns 300,000 shares of the financial services provider’s stock valued at $15,513,000 after buying an additional 75,000 shares during the period. 84.89% of the stock is currently owned by institutional investors and hedge funds.

About LGI Homes

LGI Homes, Inc (NASDAQ: LGIH) is a residential homebuilder primarily focused on serving first-time and first-time move-up homebuyers in the United States. The company specializes in the acquisition, development and sale of affordable single-family homes and townhomes. LGI Homes operates through an integrated model that encompasses land sourcing, lot development, home construction, and post-closing customer support including warranty services.

In addition to its core homebuilding activities, LGI Homes offers ancillary services to streamline the homebuying process for its customers.