LGI Homes, Inc. (NASDAQ:LGIH) COO Michael Larry Snider Sells 1,105 Shares

LGI Homes, Inc. (NASDAQ:LGIH) COO Michael Larry Snider sold 1,105 shares of LGI Homes stock in a transaction on Monday, March 10th. The shares were sold at an average price of $75.94, for a total transaction of $83,913.70. Following the completion of the sale, the chief operating officer now owns 27,102 shares in the company, valued at approximately $2,058,125.88. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

LGI Homes Price Performance

NASDAQ LGIH opened at $75.20 on Wednesday. LGI Homes, Inc. has a 52 week low of $68.66 and a 52 week high of $125.83. The firm has a market capitalization of $1.76 billion, a P/E ratio of 9.02 and a beta of 2.13. 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 company has a 50-day moving average price of $84.46 and a 200-day moving average price of $99.09.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of LGI Homes by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 2,274,907 shares of the financial services provider’s stock valued at $203,377,000 after acquiring an additional 54,039 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in LGI Homes by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,504,384 shares of the financial services provider’s stock worth $134,491,000 after buying an additional 6,706 shares during the last quarter. Wasatch Advisors LP increased its stake in LGI Homes by 2.7% in the fourth quarter. Wasatch Advisors LP now owns 1,395,710 shares of the financial services provider’s stock worth $124,776,000 after purchasing an additional 36,608 shares during the period. Khrom Capital Management LLC increased its stake in LGI Homes by 19.4% in the fourth quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider’s stock worth $97,965,000 after purchasing an additional 177,698 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its stake in LGI Homes by 3.7% in the third quarter. Disciplined Growth Investors Inc. MN now owns 939,504 shares of the financial services provider’s stock worth $111,350,000 after purchasing an additional 33,306 shares during the period. 84.89% of the stock is currently owned by institutional investors.

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.