LGI Homes (NASDAQ:LGIH) Rating Lowered to Sell at StockNews.com

LGI Homes (NASDAQ:LGIH) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts also recently issued research reports about the company. Wedbush lowered their price objective on LGI Homes from $97.00 to $88.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price objective on shares of LGI Homes in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $114.00.

LGI Homes Trading Up 1.4 %

NASDAQ:LGIH opened at $114.20 on Tuesday. The company has a market cap of $2.69 billion, a P/E ratio of 13.56 and a beta of 1.83. The stock’s fifty day moving average price is $116.56 and its two-hundred day moving average price is $114.22. LGI Homes has a 1 year low of $84.15 and a 1 year high of $141.91. The company has a debt-to-equity ratio of 0.67, a current ratio of 10.66 and a quick ratio of 0.42.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, February 20th. The financial services provider reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.35). LGI Homes had a return on equity of 11.28% and a net margin of 8.45%. The business had revenue of $608.41 million during the quarter, compared to analysts’ expectations of $663.95 million. During the same quarter last year, the business posted $1.45 EPS. The company’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, analysts expect that LGI Homes will post 9.29 EPS for the current year.

Insider Buying and Selling at LGI Homes

In other news, General Counsel Scott James Garber sold 1,212 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $111.95, for a total transaction of $135,683.40. Following the transaction, the general counsel now directly owns 13,824 shares of the company’s stock, valued at $1,547,596.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Michael Larry Snider sold 7,993 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $110.06, for a total transaction of $879,709.58. Following the transaction, the chief operating officer now directly owns 19,016 shares of the company’s stock, valued at $2,092,900.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Scott James Garber sold 1,212 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.95, for a total value of $135,683.40. Following the transaction, the general counsel now directly owns 13,824 shares in the company, valued at $1,547,596.80. The disclosure for this sale can be found here. Insiders have sold 26,435 shares of company stock worth $2,944,291 over the last 90 days. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of LGI Homes

Several large investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of LGI Homes by 0.5% in the second quarter. BlackRock Inc. now owns 3,445,237 shares of the financial services provider’s stock worth $464,728,000 after purchasing an additional 18,510 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of LGI Homes by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,443,038 shares of the financial services provider’s stock worth $192,158,000 after purchasing an additional 58,850 shares during the last quarter. Wasatch Advisors LP boosted its position in LGI Homes by 4.3% during the 4th quarter. Wasatch Advisors LP now owns 1,328,778 shares of the financial services provider’s stock valued at $176,940,000 after acquiring an additional 54,606 shares in the last quarter. State Street Corp boosted its position in LGI Homes by 3.8% during the 1st quarter. State Street Corp now owns 877,866 shares of the financial services provider’s stock valued at $100,094,000 after acquiring an additional 31,878 shares in the last quarter. Finally, CDAM UK Ltd boosted its position in LGI Homes by 14.7% during the 4th quarter. CDAM UK Ltd now owns 674,960 shares of the financial services provider’s stock valued at $89,878,000 after acquiring an additional 86,265 shares in the last quarter. 84.89% of the stock is owned by institutional investors.

LGI Homes Company Profile

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.