LGI Homes, Inc. (NASDAQ:LGIH) Receives $126.00 Average PT from Analysts

LGI Homes, Inc. (NASDAQ:LGIH) has received an average recommendation of “Hold” from the four research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $126.00.

Separately, Wedbush reaffirmed a “neutral” rating and issued a $125.00 target price on shares of LGI Homes in a report on Wednesday, November 6th.

Institutional Investors Weigh In On LGI Homes

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of LGI Homes by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,220,411 shares of the financial services provider’s stock valued at $258,389,000 after buying an additional 19,800 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LGI Homes by 3.6% in 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 buying an additional 53,031 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of LGI Homes by 1.7% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 906,198 shares of the financial services provider’s stock worth $81,096,000 after acquiring an additional 15,340 shares during the last quarter. Capital World Investors boosted its holdings in LGI Homes by 6.2% during the 1st quarter. Capital World Investors now owns 846,202 shares of the financial services provider’s stock valued at $98,473,000 after acquiring an additional 49,640 shares during the period. Finally, River Road Asset Management LLC grew its position in LGI Homes by 45.9% in the 3rd quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider’s stock valued at $82,425,000 after acquiring an additional 218,923 shares during the last quarter. Institutional investors own 84.89% of the company’s stock.

LGI Homes Price Performance

NASDAQ LGIH opened at $108.32 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.49 and a current ratio of 12.72. The stock has a 50-day moving average of $110.56 and a 200 day moving average of $102.91. LGI Homes has a one year low of $84.00 and a one year high of $136.89. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 12.99 and a beta of 1.97.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. The company had revenue of $651.85 million during the quarter, compared to analysts’ expectations of $645.27 million. LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. LGI Homes’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.84 earnings per share. On average, sell-side analysts forecast that LGI Homes will post 8.97 EPS for the current year.

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.