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 the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $75.94, for a total value of $83,913.70. Following the sale, the chief operating officer now directly owns 27,102 shares in the company, valued at approximately $2,058,125.88. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

LGI Homes Price Performance

LGIH stock opened at $75.20 on Wednesday. The company has a current ratio of 12.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.76 billion, a PE ratio of 9.02 and a beta of 2.13. LGI Homes, Inc. has a 12-month low of $68.66 and a 12-month high of $125.83. The business’s fifty day moving average price is $84.46 and its 200 day moving average price is $99.09.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16). The business had revenue of $557.40 million during the quarter, compared to analysts’ expectations of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.19 EPS. On average, sell-side analysts anticipate that LGI Homes, Inc. will post 8.46 EPS for the current year.

Hedge Funds Weigh In On LGI Homes

Large investors have recently modified their holdings of the business. Blue Trust Inc. raised its stake in shares of LGI Homes by 112.9% during the 4th quarter. Blue Trust Inc. now owns 347 shares of the financial services provider’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of LGI Homes by 801.5% during the fourth quarter. Sterling Capital Management LLC now owns 613 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 545 shares during the last quarter. KBC Group NV boosted its holdings in shares of LGI Homes by 29.8% during the third 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 last quarter. Summit Investment Advisors Inc. boosted its holdings in LGI Homes by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,185 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 141 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in LGI Homes by 10.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,210 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 212 shares during the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.