StockNews.com Upgrades LGI Homes (NASDAQ:LGIH) to “Hold”

StockNews.com upgraded shares of LGI Homes (NASDAQ:LGIH) from a sell rating to a hold rating in a research report sent to investors on Thursday.

LGIH has been the topic of several other reports. JMP Securities reissued a market outperform rating and set a $160.00 price target on shares of LGI Homes in a research report on Friday, April 5th. Wedbush reissued an underperform rating and set a $74.00 price target (down from $88.00) on shares of LGI Homes in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $110.50.

LGI Homes Stock Up 1.0 %

Shares of LGI Homes stock opened at $95.85 on Thursday. The stock’s fifty day moving average is $107.24 and its 200-day moving average is $113.45. The firm has a market capitalization of $2.26 billion, a PE ratio of 11.38 and a beta of 1.83. The company has a quick ratio of 0.42, a current ratio of 10.66 and a debt-to-equity ratio of 0.67. LGI Homes has a 12-month low of $84.15 and a 12-month high of $141.91.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.35). The business had revenue of $608.41 million for the quarter, compared to analyst estimates of $663.95 million. LGI Homes had a net margin of 8.45% and a return on equity of 11.28%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 earnings per share. Equities analysts anticipate that LGI Homes will post 9.24 earnings per share for the current year.

Insider Buying and Selling at LGI Homes

In other LGI Homes news, COO Michael Larry Snider sold 7,993 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $110.06, for a total value of $879,709.58. Following the transaction, the chief operating officer now owns 19,016 shares in the company, valued at $2,092,900.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LGI Homes news, COO Michael Larry Snider sold 7,993 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $110.06, for a total value of $879,709.58. Following the transaction, the chief operating officer now owns 19,016 shares in the company, valued at $2,092,900.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Thomas Lipar sold 10,869 shares of the business’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 $1,216,784.55. Following the completion of the transaction, the chief executive officer now owns 627,430 shares in the company, valued at approximately $70,240,788.50. 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. 12.40% of the stock is currently owned by corporate insiders.

Institutional Trading of LGI Homes

Several large investors have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its stake in shares of LGI Homes by 9.9% during the 1st quarter. Wasatch Advisors LP now owns 1,460,245 shares of the financial services provider’s stock worth $169,929,000 after acquiring an additional 131,467 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LGI Homes by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,443,038 shares of the financial services provider’s stock worth $192,158,000 after acquiring an additional 58,850 shares in the last quarter. CDAM UK Ltd boosted its stake in shares of LGI Homes by 14.7% during the 4th quarter. CDAM UK Ltd now owns 674,960 shares of the financial services provider’s stock worth $89,878,000 after acquiring an additional 86,265 shares in the last quarter. Ampfield Management L.P. boosted its stake in shares of LGI Homes by 13.0% during the 4th quarter. Ampfield Management L.P. now owns 571,857 shares of the financial services provider’s stock worth $76,148,000 after acquiring an additional 65,609 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in LGI Homes by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 292,719 shares of the financial services provider’s stock valued at $38,978,000 after purchasing an additional 10,596 shares during the period. Institutional investors own 84.89% of the company’s stock.

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.