LGI Homes, Inc. (NASDAQ:LGIH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of LGI Homes, Inc. (NASDAQ:LGIH) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $72.75.

Several brokerages recently issued reports on LGIH. Wall Street Zen upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised LGI Homes from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 4th.

LGI Homes Stock Performance

NASDAQ LGIH opened at $48.58 on Friday. The company has a current ratio of 17.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is $56.48 and its two-hundred day moving average price is $50.50. LGI Homes has a 1 year low of $33.55 and a 1 year high of $66.25. The firm has a market capitalization of $1.13 billion, a P/E ratio of 17.05 and a beta of 1.84.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $516.05 million during the quarter, compared to analysts’ expectations of $489.23 million. LGI Homes had a net margin of 3.88% and a return on equity of 3.55%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its holdings in LGI Homes by 1,759.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 874 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 827 shares during the last quarter. Allworth Financial LP bought a new position in LGI Homes during the second quarter worth $56,000. Public Employees Retirement System of Ohio acquired a new position in shares of LGI Homes in the second quarter valued at $93,000. Integrated Wealth Concepts LLC acquired a new position in shares of LGI Homes in the second quarter valued at $111,000. Finally, GAMMA Investing LLC raised its position in shares of LGI Homes by 14.7% in the second quarter. GAMMA Investing LLC now owns 2,093 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 269 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

LGI Homes Company Profile

LGI Homes, Inc is a residential homebuilder that designs, constructs and sells homes primarily to first-time, move-up and active-adult buyers. The company offers a range of single-family homes, with floor plans and communities designed to provide standardized features, functional layouts and purchase options suited to different household needs.

In addition to home construction and sales, LGI Homes acquires and develops residential land, manages community development activities and provides related customer services.