River Road Asset Management LLC Purchases 212,468 Shares of LGI Homes, Inc. (NASDAQ:LGIH)

River Road Asset Management LLC grew its position in shares of LGI Homes, Inc. (NASDAQ:LGIH) by 30.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 907,923 shares of the financial services provider’s stock after buying an additional 212,468 shares during the quarter. River Road Asset Management LLC’s holdings in LGI Homes were worth $81,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. US Bancorp DE lifted its holdings in LGI Homes by 6.7% during the third quarter. US Bancorp DE now owns 2,857 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 179 shares during the period. Legacy Capital Wealth Partners LLC bought a new stake in shares of LGI Homes during the 3rd quarter worth $352,000. KBC Group NV raised its stake in shares of LGI Homes by 29.8% during the 3rd quarter. KBC Group NV now owns 732 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 168 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of LGI Homes during the 3rd quarter worth $1,368,000. Finally, Intech Investment Management LLC raised its stake in shares of LGI Homes by 113.9% during the 3rd quarter. Intech Investment Management LLC now owns 5,785 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 3,080 shares during the period. Institutional investors own 84.89% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on LGIH shares. JPMorgan Chase & Co. lowered their price objective on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of LGI Homes in a report on Tuesday, January 7th. Finally, Seaport Res Ptn upgraded LGI Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, LGI Homes presently has a consensus rating of “Hold” and an average price target of $118.33.

LGI Homes Stock Performance

NASDAQ LGIH opened at $75.00 on Tuesday. The company’s 50 day moving average is $84.73 and its 200-day moving average is $99.31. LGI Homes, Inc. has a 12-month low of $68.66 and a 12-month high of $125.83. 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 firm has a market cap of $1.75 billion, a P/E ratio of 8.99 and a beta of 2.13.

LGI Homes (NASDAQ:LGIH) last issued its earnings results on Tuesday, February 25th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16). LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business had revenue of $557.40 million for the quarter, compared to the consensus estimate of $588.56 million. During the same period in the previous year, the firm earned $2.19 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. Sell-side analysts predict that LGI Homes, Inc. will post 8.46 earnings per share 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.