LGI Homes, Inc. (NASDAQ:LGIH) Receives $126.00 Consensus Target Price from Brokerages

LGI Homes, Inc. (NASDAQ:LGIH) has been assigned a consensus recommendation of “Hold” from the four research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $126.00.

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

Institutional Investors Weigh In On LGI Homes

A number of institutional investors have recently made changes to their positions in LGIH. Louisiana State Employees Retirement System lifted its holdings in shares of LGI Homes by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock valued at $922,000 after purchasing an additional 100 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in LGI Homes by 32.5% in the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 108 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of LGI Homes by 1.9% during the second quarter. Arizona State Retirement System now owns 5,940 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 112 shares in the last quarter. Sei Investments Co. boosted its stake in LGI Homes by 3.3% in the 1st quarter. Sei Investments Co. now owns 3,970 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 126 shares in the last quarter. Finally, Inspire Investing LLC grew its position in LGI Homes by 5.5% during the 1st quarter. Inspire Investing LLC now owns 3,037 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Stock Performance

Shares of LGIH opened at $108.32 on Tuesday. LGI Homes has a 52-week low of $84.00 and a 52-week high of $136.89. The stock’s 50-day simple moving average is $110.56 and its 200 day simple moving average is $102.91. 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 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 issued 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. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company had revenue of $651.85 million during the quarter, compared to analysts’ expectations of $645.27 million. During the same quarter in the previous year, the company earned $2.84 earnings per share. LGI Homes’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts forecast that LGI Homes will post 8.97 EPS for the current fiscal 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.